USD/CHF rose above MA (200) H1

Today, since the beginning of trading, the USD/CHF pair rose from 0.9115 to a 3-week high, but soon fell to 0.9135, losing almost all the gained positions. On the hourly chart, the MA (200) H1 (0.9070) rose above the moving average line and on the four-hour chart above the MA (200) H4 (0.9060). Based on the above, it is probably worth sticking to the northern direction in trading and as long as the pair remains above the MA 200 H1, it is necessary to look for entry points to buy. Technically speaking, the 0.9200 resistance is still supporting USD/CHF from further growth. If this level is breached, the pair may rise to 0.9225. The lower bound of 0.9060 represents a strong support level.

Resistance levels are: 0.9155, 0.9200, 0.9225

Support levels are: отметках: 0.9115, 0.9060-70, 0.9030

The main scenario for the pair's advance suggests a breakout of the resistance of 0.9155 (Jan 17-20 high) and there may be an increase to the session high of 0.9200.

An alternative scenario implies a breakout of the session low of 0.9115 (Jan 21 and 31 high) and there may be a decline to 0.9060-70 (Jan 30-31 lows).