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- The USD/CHF pair failed to break through the resistance of the MA (200) H1
The USD/CHF pair failed to break through the resistance of the MA (200) H1
Today, the USD/CHF pair is trading in the range of Chf0.9060-95, but it failed to gain a foothold above the MA (200) H1 moving average line (Chf0.9090). On the four-hour chart, the pair is trading below MA (200) H4 (Chf0.9140). Most likely, finding a sell position can be a wise decision for those who want to take advantage of the stronger Swiss franc. The most likely range of price movement today may be hidden within the range of Chf0.9030-95.
⦁ Resistance levels are at: Chf0.9095-0.9110, Chf0.9165, Chf0.9195
⦁ Support levels are at: Chf0.9060, Chf0.9030, Chf0.9000
The main scenario for the pair's promotion - breakout of the session low Chf0. 9060 and decline to Chf0. 9030 (October 21 and 23 low)
An alternative scenario - if the area of Chf0.9095-0.9110 (October 20 high, MA (200) H1, session high) is broken, the pair is likely to grow to Chf0. 9165 (October 19 high)
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