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- USD/CHF remains below MA (200) H1
USD/CHF remains below MA (200) H1
On the hourly chart, the USD/CHF pair continues to trade in a descending channel, remaining below the MA (200) H1 moving average, which confirms the continued bearish pressure. Despite attempts to recover, the price was unable to steadily overcome the 0.8250 level, which now acts as the nearest resistance. The current quote is around 0.8210, slightly above the 0.8190 support level, which has held back sellers in recent sessions. The MACD indicator signals the weakness of buyers — the histogram narrows and approaches the zero line, which indicates a decrease in momentum. The absence of a confident breakdown of the 200 SMA and the predominance of sideways dynamics indicates uncertainty, while the downtrend remains predominant. Sellers retain the advantage as long as the price remains below 0.8250.
Resistance levels are: 0.8250, 0.8305, 0.8350
Support levels are: 0.8190, 0.8155, 0.8115
The main scenario for the pair's advance suggests a breakout of the session low of 0.8190 and a possible decline to 0.8155 (June 2-3 low)
An alternative scenario implies a breakout of the resistance 0.8250 (June 3-4 high) and there may be an increase to 0.8305 (May 22 high)
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