- Analytics
- Market analysis
- Technical Analysis
- USD/CHF remains below MA (200) H1
USD/CHF remains below MA (200) H1
On Friday, the USD/CHF pair traded multidirectionally in the range of 0.9030-80 and closed trading near the price of 0.9060. Today, the pair started trading in the range of 0.9055-75, near Friday's closing price. On the hourly chart, USD/CHF remains slightly below the MA (200) H1 (0.9090) moving average line, but on the four-hour chart it is trading above MA (200) H4 (0.9020). Based on the above, it is probably worth sticking to the northern direction in trading and as long as the pair remains above the MA 200 H4, it is necessary to look for entry points to buy at the end of the correction.
Resistance levels are at: 0.9080-90, 0.9100-15, 0.9155
Support levels are at: 0.9030, 0.9010, 0.8980
The main scenario for the pair's advance assumes a breakout of the resistance of 0.9080-90 (Jan 24 high, MA (200) H1) and there may be an increase to 0.9100-15 (Jan 21 and 23 highs).
An alternative scenario implies a decrease to 0.9030 (Jan 22 low) and then maybe to 0.9010 (Jan 6 low).
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
