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- The USD / CHF pair declined slightly, but remains above the MA (200) H1
The USD / CHF pair declined slightly, but remains above the MA (200) H1
Today, the USD/CHF pair is trading mostly with a slight decline in the range of Chf0. 9130-70, but remains above the moving average line of MA (200) H1 (Chf0.9115), and on the four - hour chart-above MA (200) H4 (Chf0.9130). Support for Chf0. 9110-15 may keep USD/CHF from falling. If these levels are broken, the pair may fall to Chf0. 9060. However, the pair may also rise to Chf0. 9190-0.9210. The most likely range of price movements to date may be hidden within the range of Chf0. 9110-90.
⦁ Resistance levels are at: Chf0.9190-0.9210, Chf0.9245, Chf0.9295
⦁ Support levels are at: Chf0.9110-15, Chf0.9060, Chf0.8980
The main scenario for the pair's promotion - breakout of Chf0. 9110-15 (November 10 low, MA (200) H1), and may be reduced to Chf0. 9060 (October 27 low)
An alternative scenario - if the area is broken Chf0.9190-0.9210 (November 2-4 and 11highs), the pair is likely to grow to Chf0.9245 (September 30 high).
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