Technical Analysis
25.05.2022, 11:31

USD/CHF is trading near a monthly low

Today, the USD/CHF pair is trading mainly with an increase in the range of Chf0.9600-45 after falling yesterday to a monthly low of Chf0.9575. On the hourly chart, USD/CHF dropped below the moving average line MA (200) H1 (Chf0.9830) and on the four-hour chart - slightly below MA (200) H4 (Chf0.9680). Technically speaking, the support of Chf0.9565-75 can keep prices from further decline. The upper bound of Chf0.9765 represents the resistance level.


Resistance levels are: Chf0.9670, Chf0.9765, Chf0.9880


Support levels are: Chf0.9565-75, Chf0.9530, Chf0.9455


The main scenario for the pair's promotion — support breakthrough of Chf0.9565-75 (April 26 and May 24 lows) and may be a decline to Chf0.9455 (April 20-21 low)

An alternative scenario — resistance breakout is Chf0.9670 (May 24 high) and there may be an increase to Chf0.9765 (May 20 high)

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

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