USD / CHF rises to more than one-week high

After falling from the beginning of trading from Chf0.9115 to Chf0.9085, the USD/CHF pair rose sharply to a more than one-week high of Chf0.9155 during the European session. At the time of writing, the pair is slightly down to Chf0. 9130. On the hourly chart, the pair rose above the MA (200) H1 moving average line (Chf0. 9095). The situation is similar on the four-hour chart. If the pair gains a foothold above this level, a new uptrend is likely to start forming. Until this happens, it may be worth continuing to adhere to the southern direction in trade, and at the end of the correction, look for points of entry to sell. The most likely range of movement of the pair today may be hidden within the range of Chf0. 9075-0.9160.

⦁ Resistance levels are at: Chf0.9155-60, Chf0.9200, Chf0.9240

⦁ Support levels are at: Chf0.9075-95, Chf0.9050, Chf0.9000

The main scenario for the pair's promotion - breakout of Chf0. 9075-95 (September 18 low, session low, MA (200) H1), and a likely decline of the pair to Chf0.9050 (September 10 low).

An alternative scenario - breakout of Chf0. 9155-60 (September 4 high, session high), and the pair's likely growth to Chf0.9200 (September 8 high).