Technical Analysis
05.10.2021, 11:41

USD/CHF is growing, but remains below MA (200) H1

Today, the USD/CHF pair has grown from Chf0.9240 to Chf0.9275, after a sharp decline yesterday from Chf0.9310 to Chf0.9230. On the hourly chart, the pair remains below the moving average line MA (200) H1 (CHF0.9280), but on the four-hour chart it is trading above MA (200) H4 (CHF0.9210). Technically speaking, the level of MA (200) H1 (CHF0.9280) can keep prices from further growth. If it breaks through, prices may rise to Chf0.9310. The lower bound of Chf0.9215 represents the resistance level. The most probable range of the pair's movement for today may be hidden within the range of Chf0.9215-80.


Resistance levels are: Chf0.9280, Chf0.9310, Chf0.9340

Support levels are: Chf0.9215-30, Chf0.9150-65,  Chf0.9115


The main scenario for the pair's promotion — growth to MA (200) H1 (CHF0.9280) and then, maybe, to Chf0.9310 (October 4 high)


An alternative scenario — there may be a decrease in the pair to Chf0.9215-30 (September 22-23 and October 4 lows)

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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