USD/CHF remains above MA (200) H1

Today, on the hourly chart, USD/CHF is showing a steady recovery after the fall that began in mid-April. The price broke through several resistance levels, in particular 0.8195 and 0.8240, and consolidated higher. At the moment, the price is hovering around 0.8290 after reaching a local maximum at 0.8335, which is now acting as the nearest resistance. The MA (200) H1 moving average, which previously indicated a downtrend, has been broken from the bottom up, which reinforces the bullish signal. Now it is below the current price, which confirms the change of the short-term trend to an upward one. The MACD indicator confirms the bullish sentiment: the histogram is in a positive zone, although a slight slowdown in momentum is already visible - this may indicate a possible correction or consolidation. Overall, the technical picture indicates a predominance of buyers, but in the short term, a correction is possible before a new upward momentum.

Resistance levels are:  0.8335, 0.8455, 0.8585

Support levels are: 0.8240, 0.8195, 0.8115

The main scenario for the pair's advance suggests a breakout of the session high of 0.8335 and there may be an increase to 0.8455 (April 7 low)

An alternative scenario implies a breakout of the support 0.8240 (April 24 low) and a possible decline to 0.8195 (April 24 low, MA (200) H1)