Technical Analysis
26.05.2023, 11:57

USD/CHF remains above MA (200) H1

Today, the USD/CHF pair is mainly declining from Chf0.9055 to Chf0.9020, retreating from the 5-week high of Chf0.9075 reached yesterday. On the hourly chart, the pair remains slightly above the MA (200) H1 moving average line (Chf0.9010). The situation is similar on the four-hour chart. Technically speaking, the resistance of Chf0.9075 can keep prices from further growth. The lower bound of Chf0.8940 represents the support level.

Resistance levels are: Chf0.9075, Chf0.9120, Chf0.9195

Support levels are: Chf0.9005-10, Chf0.8940, Chf0.8900

The main scenario of the pair's promotion assumes a breakout of the resistance of Chf0.9075 (May 25 high) and there may be an increase to Chf0.9120 (April 10 high)

An alternative scenario assumes a breakout of the resistance of Chf0.9005-10 (May 24, MA (200) H1 high) and there may be a decline to Chf0.8940 (May 22 high)

Symbol Bid Ask Time

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