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- USD/CHF is testing MA (200) H1
USD/CHF is testing MA (200) H1
Today, the USD/CHF pair is trading in the range of Chf0.9190-0.9225 and is testing the MA (200) H1 moving average line (Chf0.9210) on the hourly chart. On the four-hour chart, the pair remains below MA (200) H4 (Chf0.9250). Technically speaking, a strong support level of Chf0.9150 can keep prices down further. The session high of Chf0.9225 represents the resistance level. The most probable range of the pair's movement for today may be hidden within the range of Chf0.9150-0.9225
⦁ Resistance levels are: Chf0.9225, Chf0.9250, Chf0.9275
⦁ Support levels are: Chf0.9150, Chf0.9100, Chf0.9050
The main scenario for the pair's promotion — it is possible to reduce the pair to Chf0.9150 (September 10 and October 22-25 low)
An alternative scenario — breakout of the session maximum of Chf0.9225 and there may be an increase to Chf0.9250 (October 20 high)
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