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- The USD/CHF remains below MA 200 H1
The USD/CHF remains below MA 200 H1
On Friday, the USD/CHF bargained down and closed the day in the red zone near the price of CHF0.9120. Today it grew a bit, rising to the chf0.9140. On the hourly chart, USD/CHF is still loaded below the line of the moving average MA (200) H1 (CHF0.9150). On the four-hour, the situation is similar. Based on the foregoing, it is likely to stick to the southern direction in trade and while the USD/CHF remains below MA 200 H1, you need to look for the entry points for sale on the formation of correction.
Resistance levels are on: CHF0.9180, CHF0.9205, CHF0.9245
Support levels are on: CHF0.9110, CHF0.9085-95, CHF0.9050
Probably, the main scenario is the subsequent decline in CHF0.9110 (Jan 21 low). Alternative scenario - fixing above the level MA 200 H1, followed by increasing to CHF0.9275 (Jan 11 high).
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