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- USD/CHF is testing the support of the MA (200) H1
USD/CHF is testing the support of the MA (200) H1
Today, the USD/CHF pair declined Chf0. 8915 to Chf0.8865, after yesterday trading near a three-week high in the range of Chf0.8890-0.8925. On the hourly chart, the pair is testing the MA (200) H1 moving average line (Chf0. 8880). On the four-hour chart, the situation is similar. Technically speaking, the Chf0.8850-65 area has so far held USD/CHF down further. If it breaks through, the price may fall to Chf0. 8820. The most likely range of movement of the pair for today may be hidden within the existing range of Chf0. 8850-0. 8925
⦁ Resistance levels are: Chf0.8925, Chf0.8955, Chf0.9010
⦁ Support levels are: Chf0.8850-65, Chf0.8820, Chf0.8755-75
The main scenario for the pair's promotion - breakout of the area Chf0.8850-65 (January 13-15 lows, session low) and, perhaps, the pair's decline to Chf0. 8820 (January 8 low)
An alternative scenario - correction and growth of the pair to Chf0. 8925 (January 18 high)
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