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- USD/CHF is trading near the highs of early August
USD/CHF is trading near the highs of early August
Today, the USD/CHF pair is trading in the range of Chf0.9190-0.9220 - near the highs of the beginning of August. On the hourly chart, the pair fixed above the MA (200) H1 moving average line (Chf0.9110), indicating a possible transition to bear control. In this situation, it may be worth starting to stick to the North direction in trading and start looking for exit points to buy. The most likely range of movement of the pair today may be hidden within the range of Chf0.9135-0.9240.
⦁ Resistance levels are at: Chf0.9220-40, Chf0.9300, Chf0.9350
⦁ Support levels are at: Chf0.9190, Chf0.9110-35, Chf0.9075
The main scenario for the pair's promotion - if the session high of Chf0. 9220 and the resistance of Chf0. 9240 are passed, then the pair is likely to grow to Chf0. 9300 (July 23 high)
An alternative scenario - breakout of the session low Chf0. 9190 and probable decline of the pair to Chf0. 9110-35 (September 22 low, MA (200) H1).
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