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- USD/CHF rose to a 15-week high
USD/CHF rose to a 15-week high
Today, the USD/CHF pair is growing from Chf0.9930 to Chf0.9995, reaching a 15-week high. On the hourly chart, the pair rose above the MA (200) H1 moving average line (Chf0.98555). On the four-hour chart, the pair remains above MA (200) H4 (Chf0.9750). Technically speaking, the resistance of Chf1.0050-65 can keep prices from further growth. The lower bound of Chf0.9780 represents the support level.
⦁ Resistance levels are: Chf1.0050-65, Chf1.0095, Chf1.0120
⦁ Support levels are: Chf0.9930, Chf0.9855, Chf0.9780
The main scenario of the pair's promotion assumes an increase to Chf1.0050-65 (May 16 and June 15 highs)
An alternative scenario assumes a breakout of the session minimum of Chf0.9930 and MA (200) H1 (Chf0.9855) and there may be a decline to Chf0.9780 (October 6 low)
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