Today, the USD/CHF pair continues yesterday's decline and fell to a one-month low of Chf0.9070. Yesterday, the pair declined from Chf0.9165 to Chf0.9090. On the hourly chart, USD/CHF is trading below the moving average line of MA (200) H1 (Chf0.9130) and on the four-hour chart - below MA (200) H4 (Chf0.9150). In this situation, the pair may continue to decline to Chf0.9050-55. On the other hand, the pair may still rise to the session high to Chf0.9110 and MA (200) H1 (Chf0.9130). The most likely range of price movement today may be hidden within the range of Chf0.9050-0.9130
⦁ Resistance levels are at: Chf0.9110-30, Chf0.9165, Chf0.9195
⦁ Support levels are at: Chf0.9070, Chf0.9050-55, Chf0.9000
The main scenario for the pair's promotion - breakout of the session low of Chf0.9070 and probable decline of the pair to Chf0.9050-55 (September 10 and 15-16 lows)
An alternative scenario - correction and possible growth to the area of Chf0.9110-30
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.