USD/CHF demonstrates recovery attempts

On the hourly chart, the USD/CHF pair is showing attempts to recover from the sharp drop recorded in mid-June. The price is gradually rising from a low near the 0.8055 level and consolidating above the 0.8145 mark, which acts as a local support. In recent days, consolidation has been observed above the MA (200) H1 moving average, which may indicate a change in trend or, at least, a weakening of downward pressure. The MACD indicator is in the positive zone, but its histogram is weak, which indicates the absence of a pronounced impulse. The main resistance is at 0.8215, and its breakdown will pave the way for further growth. In the meantime, the price is holding in the range between 0.8145 and 0.8215, which indicates a phase of uncertainty and accumulation. Overcoming one of these levels will determine the further direction of movement.

Resistance levels are: 0.8215, 0.8335-50, 0.8310

Support levels are: 0.8145, 0.8120, 0.8090

The main scenario for the pair's advance suggests a breakout of 0.8145 (June 19 low) and a possible decline to 0.8120 (June 17 low) 

An alternative scenario implies a breakout of the resistance 0.8215 (June 19 high) and there may be an increase to 0.8235-50 (June 4, 6 and 10-11 highs)