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- USD/CHF falls to one-week low
USD/CHF falls to one-week low
Today, the USD/CHF pair continues the decline started during yesterday's US trading and fell to a weekly low of Chf0. 9080. On the hourly chart, the pair fell slightly below MA (200) H1 (Chf0. 9115. The situation is similar on the four-hour chart. The strong support level of Chf0. 9080 keeps USD/CHF from further decline. If it breaks through, the pair may decline to Chf0. 9025 and Chf0.9000. The session high of Chf0. 9120 and MA (200) H1 (Chf0.9115) represent support levels. If they are passed, USD/CHF may follow a correction to Chf0. 9160. The most likely range of movement of the pair today may be hidden within the range of Chf0. 9080-0.9120.
⦁ Resistance levels are at: Chf0.9115-20, Chf0.9160, Chf0.9200
⦁ Support levels are at: Chf0.9080, Chf0.9025, Chf0.9000
The main scenario for the pair's promotion - breakout of the session low of Chf0. 9080 (September 3 low), and a likely decline to Chf0.9025 (August 28 low).
An alternative scenario - breakout of the session high of Chf0. 9120 and MA (200) H1 (Chf0.9115), and the pair's likely growth to Chf0.9160 (September 6 high).
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