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- USD/CHF dropped to a 2-week low
USD/CHF dropped to a 2-week low
Today, the USD/CHF pair is mainly declining from Chf0.9330 to Chf0.9270, reaching a 2-week low. On the hourly chart, the pair dropped below the MA (200) H1 moving average line (Chf0.9380). On the four-hour chart, the pair is testing MA (200) H4 (Chf0.9270). Technically speaking, the support of Chf0.9255 can keep prices from further decline. The upper bound of Chf0.9440 represents the resistance level.
⦁ Resistance levels are: Chf0.9330, Chf0.9380, Chf0.9440
⦁ Support levels are: Chf0.9255, Chf0.9215, Chf0.9140
The main scenario of the pair's promotion assumes a decline to Chf0.9255 (February 22 low) and then, maybe, to Chf0.9215 (February 16 low)
An alternative scenario assumes a breakout of the session maximum of Chf0.9330 and there may be an increase to MA (200) H1 (Chf0.9380)
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