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- USD/CHF is trading near a one-month low
USD/CHF is trading near a one-month low
Today, the USD/CHF pair is trading in the range of Chf0. 8980-Chf0.9010 - near a one-month low. On the hourly chart, the pair is trading below the MA (200) H1 (Chf0. 9075) moving average line. The situation is similar on the four-hour chart. Support for Chf0. 8980 keeps USD/CHF from further decline. The session high of Chf0. 9010 represents resistance. The most likely range of price movement to date may be hidden within the existing range of Chf0. 8980-Chf0.9010.
⦁ Resistance levels are at: Chf0.9010, Chf0.9075-90, Chf0.9150
⦁ Support levels are at: Chf0.8980, Chf0.8900, Chf0.8800
The main scenario for the pair's promotion - break of the support Chf0.8980 (November 6 to 9 and December 1 low, the session low) and a decline to the psychological level of Chf0. 8900
An alternative scenario - if the session maximum of Chf0. 9010 is broken, the pair is likely to grow to Chf0. 9075-90 (November 26 and 30 high, MA (200) H1).
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