Today, the USD/CHF pair is trading in the range of Chf0. 9140-65 - near the almost two-week low reached last week. On the hourly chart, USD/CHF fell below the moving average line of MA (200) H1 (Chf0. 9205), but on the four-hour chart it remains above MA (200) H4 (Chf0.9105). Technically speaking, the support level of Chf0. 9130 kept prices from further decline. If it breaks through, prices may drop Chf0. 9075. The upper limit of Chf0. 9175 represents the resistance level. The most probable range of price movement for today can be hidden within the range of Chf0. 9130-75
⦁ Resistance levels are: Chf0.9175, Chf0.9215, Chf0.9265-75
⦁ Support levels are: Chf0.9130, Chf0.9075, Chf0.8965
The main scenario for the pair's promotion - support breakout of Chf0. 9130 (July 8 and 12 low) and there may be a decline to Chf0. 9075 (June 17 low)
An alternative scenario - if the resistance of Chf0.9175 (July 9 high) is broken, the pair can rise to MA (200) H1 (Chf0. 9205)
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