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- USD/CHF maintains a downward trend
USD/CHF maintains a downward trend
Today, on the hourly chart, the USD/CHF pair maintains a downward trend, trading below the MA (200) H1 moving average, which confirms the predominance of bearish sentiment. After a recent attempt to recover to the resistance level of 0.8270, the price turned down again, approaching local support around 0.8210. The MACD indicator shows a decline: the histogram goes into the negative zone, and the lines begin to diverge downwards, which indicates a weakening of the bullish momentum and a possible continuation of the downward movement. The technical picture remains negative, and in the absence of strong fundamental factors that can change the dynamics, pressure on the pair may persist.
Resistance levels are: 0.8270, 0.8310, 0.8365
Support levels are: 0.8210, 0.8185, 0.8115
The main scenario for the pair's advance suggests a decline to 0.8210 (May 21 low) and there may be a decline to 0.8185 (May 7 low).
An alternative scenario implies a breakout of the European session high of 0.8270 and there may be an increase to 0.8310 (May 22 high)
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