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- USD/CHF tests support for MA (200) H1
USD/CHF tests support for MA (200) H1
Today, the USD/CHF pair is trading in the range of Chf0. 9205-30, after a sharp decline on Friday from Chf0.9275 to Chf0.9200. On the hourly chart, the pair tests the moving average line MA (200) H1 (Chf0. 9205), but on the four-hour chart it remains above MA (200) H4 (Chf0.906). Technically speaking, a strong support level of Chf0. 9190 can keep prices from further decline. If it breaks through, prices may drop Chf0. 9140. The upper limit of Chf0. 9230 represents the resistance level. The most likely range of oil price movements for today may be hidden within the range of Chf0. 9190-0. 9230
⦁ Resistance levels are: Chf0.9230, Chf0.9275, Chf0.9315
⦁ Support levels are: Chf0.9190, Chf0.9140, Chf0.9075
The main scenario for the pair's promotion - correction, breakout of the session maximum of Chf0. 9230 (June 29 high) and there may be an increase to Chf0. 9275 (July 2 high)
An alternative scenario - if the support of Chf0. 9190 is broken, the pair may fall to Chf0.9140 (June 23 low).
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