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- USD/CHF fell slightly below MA (200) H1
USD/CHF fell slightly below MA (200) H1
Today, the USD/CHF pair fell from Chf0. 9175 to Chf0.9125, losing most of the positions gained yesterday, when the pair rose from Chf0.9100 to Chf0.9185. On the hourly chart, the pair fell slightly below the MA (200) H1 moving average line (Chf0.9150). The situation is similar on the four-hour chart. Technically speaking, the lower bound of Chf0. 9100 represents a strong support level. The most probable range of the pair's movement for today can be hidden within the range of Chf0. 9100-85.
⦁ Resistance levels are: Chf0.9150, Chf0.9175-85, Chf0.9205
⦁ Support levels are: Chf0.9100, Chf0.9050, Chf0.9020
The main scenario for the pair's promotion — it is possible to continue the downward movement to Chf0. 9100 (August 17 and 30 low)
An alternative scenario — correction and there may be an increase to Chf0. 9175-85 (August 30 high, session maximum)
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