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- USD/CHF is growing and testing MA (200) H1
USD/CHF is growing and testing MA (200) H1
Today, the USD/CHF pair rose sharply from Chf0.8835 to Chf0.8930, retreating from the lows of January 2021. On the hourly chart, the pair is testing the MA (200) H1 moving average line (Chf0.8910). On the four-hour chart, the pair remains below MA (200) H4 (Chf0.9025). Technically speaking, the resistance of Chf0.8995-0.9003 can keep prices from further growth. The lower bound of Chf0.8820 represents a strong support level.
⦁ Resistance levels are: Chf0.8930, Chf0.8995-0.9005, Chf0.9035
⦁ Support levels are: Chf0.8850, Chf0.8820, Chf0.8760
The main scenario of the pair's promotion assumes a decline to Chf0.8820 (May 4 low)
An alternative scenario assumes a breakout of the session maximum of Chf0.8930 and there may be an increase in Chf0.8995-0.9003 (April 19 and May 2 highs)
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