USD/CHF remains under pressure from MA (200) H1

Today, on the hourly chart, USD/CHF is consolidating near the 0.8245 level after an unsuccessful attempt to break through the resistance at 0.8275. The price remains under pressure from the MA (200) H1 moving average, which acts as a dynamic resistance and holds back growth. The upward momentum that was observed after the sharp reversal on April 21 has weakened, and now the pair is trading in a sideways range between the levels of 0.8190 and 0.8275. The MACD indicator remains near the zero line, without giving a clear signal about the direction, which confirms the absence of a pronounced trend at the current stage. A breakdown above 0.8275 may open the way to the next resistance at 0.8335, while a move below the 0.8190 support will increase pressure on the pair and may lead to a decline towards 0.8115. In general, the current price action indicates a phase of uncertainty, and the future direction will depend on the breakdown of one of the key levels.

Resistance levels are: 0.8275, 0.8335, 0.8455

Support levels are:  0.8190, 0.8115, 0.8040

The main scenario for the pair's advance suggests a decline to 0.8190 (April 28 low) and then, perhaps, to 0.8115 (April 16 low)

An alternative scenario implies a breakout of the resistance 0.8275 (May 5 high) and an increase towards 0.8335 (April 25 and May 1 high).