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- The USD / CHF pair fell to a new low
The USD / CHF pair fell to a new low
Today, the USD/CHF pair is trading with a decline and fell to a new multi-year low of Chf0. 8760. On the hourly chart, the pair is trading below the moving average line of MA (200) H1 (Chf0. 8840) and on the four - hour chart-significantly below MA (200) H4 (Chf0.8935). In this situation, finding a sell position can be a wise decision for those who want to take advantage of the stronger Swiss currency.
⦁ Resistance levels are: Chf0.8815, Chf0.8840-55, Chf0.8890
⦁ Support levels are: Chf0.8760, Chf0.8700, Chf0.8600
The main scenario for the pair's promotion - continuation of the downward movement to the psychological level of Chf0. 8700
An alternative scenario - correction and there may be an increase in the pair to Chf0. 8815 (January 5 high)
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