Today, the USD/CHF pair fell to Chf0. 9145, retreating from the one-month high of Chf0.9210 reached yesterday. On the hourly chart, the pair remains above the moving average line of MA (200) H1 (Chf0. 9110), and on the four-hour chart, it tests MA (200) H4 (Chf0.9150). A break in support for Chf0. 9135 may prompt a decline in the MA (200) H1 pair (Chf0.9110). On the other hand, USD/CHF may still rise to Chf0. 9210-20. The most likely range of price movements to date may be hidden within the existing range of Chf0. 9110-0.9210
⦁ Resistance levels are at: Chf0.9170,Chf0.9210-20, Chf0.9245
⦁ Support levels are at: Chf0.9135, Chf0.9110, Chf0.9060
The main scenario for the pair's promotion - breakout of support for Chf0. 9135 (October 30 low) and decline to MA (200) H1 (Chf0. 9110)
An alternative scenario - if the resistance breaks through Chf0. 9170 (October 29 high), the pair may grow to Chf0. 9210-20 (October 2 and November 2 highs)
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