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- The USD / CHF pair is trading near a nine-week high
The USD / CHF pair is trading near a nine-week high
Today, the USD/CHF pair is trading in a narrow range of Chf0. 9210-35-near a nine-week high. On the hourly chart, the pair rose above the moving average line MA (200) H1 (Chf0. 9040) and on the four - hour chart-above MA (200) H4 (Chf0.9015). In this situation, you should probably stick to the north direction in trading, and it is worth looking for an exit point to buy.
It is worth noting that the hourly chart has formed a bearish divergence on the MACD indicator, which signals a possible change in the direction of price movement.
⦁ Resistance levels are: Chf0.9235-45, Chf0.9280, Chf0.9315
⦁ Support levels are: Chf0.9165, Chf0.9075, Chf0.9040
The main scenario for the pair's promotion - breakout of the resistance of Chf0. 9235-45 (April 15 and June 18 highs, session high) and may be an increase to Chf0. 9280 (April 9 high)
An alternative scenario - if the support for Chf0. 9165 (June 18 low) is broken, the pair may fall to Chf0. 9075 (June 17 low)
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