USD/CHF is testing MA 200 H1

Yesterday, USD/CHF rose in the morning to Chf0.9725. However, already during the European session, the USD/CHF began to fall and closed the day with a slight decrease near the level of Chf0.9680. This morning the USD/CHF was trading in a narrow range of Chf0.9670-85, remaining near yesterday's closing price. On the hourly chart, USD/CHF approached the MA (200) H1 (Chf0.9680) moving average line and has been testing this level for strength for the fourth day in a row. On the four-hour chart, USD/CHF still remains well below MA (200) H4 (Chf0.9760).

• Resistances levels are at: Chf0.9730-35, Chf0.9760, Chf0.9805-15

• Support levels are at: Chf0.9660, Chf0.9645, Chf0.9615

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