Technical Analysis
26.11.2021, 12:38

USD/CHF dropped to a weekly low

Today, the USD/CHF pair dropped sharply from Chf0.9360 to a weekly low of Chf0.9245, retreating from an almost two-month high. On the hourly chart, the pair broke through the MA (200) H1 moving average line (Chf0.9305), but on the four-hour chart it remains above Chf0.9215. Technically speaking, the support of $Chf0.9235 can keep prices from further decline. If it breaks through, prices may drop to Chf0.9185. The upper bound of Chf0.9360-75 represents the resistance level.


Resistance levels are: Chf0.9305, Chf0.9360-75, Chf0.9395

Support levels are: Chf0.9235, Chf0.9185, Chf0.9100


The main scenario for the pair's promotion — correction, growth to MA (200) H1 (Chf0.9305) and then, maybe, to Chf0.9360-75 (September 30 and November 24-25 high)

An alternative scenario — support breakout of Chf0.9235 (November 16 low) and there may be a decline to Chf0.9185 (November 15 low)


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

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