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- USD/CHF rose to almost 3-week high
USD/CHF rose to almost 3-week high
Today, the USD/CHF pair rose sharply from Chf0.9230 to Chf0.9400, reaching a more than 3-week high. The pair broke through the resistances of Chf0.9345 and Chf0.9310, which became the closest supports. On the hourly chart, the pair rose above the moving average line MA (200) H1 (Chf0.9270). On the four-hour chart, the pair is testing MA (200) H4 (Chf0.9375). Technically speaking, the resistance of Chf0.9400 can keep prices from further growth. The lower bound of Chf0.9230 represents the support level.
⦁ Resistance levels are: Chf0,9400, Chf0.9430, Chf0.9460
⦁ Support levels are: Chf0.9345, Chf0.9310, Chf0.9230
The main scenario of the pair's promotion assumes a breakout of the session maximum of Chf0.9400 and there may be an increase to Chf0.9430 (December 8 high)
An alternative scenario assumes a decrease to the session minimum of Chf0.9230
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