- Analytics
- Market analysis
- Technical Analysis
- USD/CHF remains above MA (200) H1
USD/CHF remains above MA (200) H1
Today, on the hourly chart, USD/CHF is showing a steady upward movement, remaining above the MA (200) H1 moving average, which runs around 0.8290–0.8270 and acts as a strong support zone. After the breakdown of the 0.8340 level, the price rose sharply and reached a maximum of 0.8475, after which a correction began, within which the pair consolidated above the 0.8395 mark. The MACD indicator shows a weakening of the bullish momentum and a possible correction, but so far the positive zone remains, which confirms the presence of an uptrend. A steady consolidation above 0.8420 retains the potential for a retest of the maximum and its possible breakdown. The overall technical picture remains bullish, with pullbacks in the direction of 0.8395 being seen as a buying opportunity within a sustained upward momentum.
Resistance levels are: 0.8475, 0.8585, 0.8670
Support levels are: 0.8395, 0.8340, 0.8260
The main scenario for the pair's advance assumes a breakout of the resistance of 0.8475 (May 12 high) and there may be an increase to 0.8585 (April 9-10 high).
An alternative scenario implies a breakout of the session low of 0.8395 and there may be a decline to 0.8340 (May 9 high)
© 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
