Today, the USD/CHF pair is mainly growing from Chf0.9125 to Chf0.9260, retreating from the 6-week low of Chf0.9070 reached on Monday. On the hourly chart, the pair remains below the moving average line MA (200) H1 (Chf0.9290) and on the four-hour chart below MA (200) H4 (Chf0.9270). Technically speaking, the support level of Chf0.9330 can keep prices from further growth. The lower bound of Chf0.9070 represents the support level.
⦁ Resistance levels are: Chf0.9290, Chf0.9330, Chf0.9440
⦁ Support levels are: Chf0.9125, Chf0.9060-70, Chf0.9020
The main scenario of the pair's promotion assumes a decline to Chf0.9060-70 (February 2 and March 13 lows)
An alternative scenario assumes a breakout of the resistance of MA (200) H1 (Chf0.9290) and there may be an increase to Chf0.9330 (February 17 and March 10 high)
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