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- USD/CHF tests MA (200) H1
USD/CHF tests MA (200) H1
Today, the hourly chart of USD/CHF shows an attempt to recover from the previous decline. The price has overcome the MA (200) H1 moving average, but is currently trading near this level, indicating uncertainty among market participants. The upper limit of resistance is located at 0.8290, and the price has not yet been able to gain a foothold above it. The support level remains at 0.8225. The MACD indicator shows an increase in the histogram in the positive zone, which indicates an increasing upward momentum, but the signal is not stable. A breakdown and consolidation above 0.8290 will open the way to the next resistance at 0.8335. Otherwise, a return below 0.8225 may mean a continuation of the sideways dynamics or a return to the bearish scenario with a target at 0.8185.
Resistance levels are: 0.8290, 0.8335, 0.8455
Support levels are: 0.8225, 0.8185, 0.8115
The main scenario for the pair's advance suggests a breakout of the session low of 0.8225 and there may be a decline to 0.8185 (May 7 low).
An alternative scenario implies a breakout of the session high of 0.8290 and there may be an increase to 0.8335 (April 25 and May 1 high)
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