Today, the USD/CHF pair is trading in the range of Chf0.9240-0.9300 and on the hourly chart, the pair is testing the MA (200) H1 moving average line (Chf0.9270). The situation is similar on the four-hour chart. Technically speaking, the resistance level of Chf0.9340 can keep prices from further growth. The lower bound of Chf0.9240 represents the support level.
⦁ Resistance levels are: Chf0.9340, Chf0.9440-60, Chf0.9545
⦁ Support levels are: Chf0.9240, Chf0.9125, Chf0.9070
The main scenario of the pair's promotion assumes a breakout of support for Chf0.9240 (March 16 low, session minimum) and there may be a decline to Chf0.9070 (March 13 low)
An alternative scenario assumes a breakout of the resistance of Chf0.9340 (March 15-16 high) and there may be an increase to Chf0.9440-60 (December 1, 6-7, March 2 and 8 highs)
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