USD/CHF remains below MA (200) H1

Today, the hourly chart of the USD/CHF pair shows a prolonged downward movement that began on April 8, after which the pair declined significantly and reached the support area near the 0.8100 level. Since April 11, the price has stabilized and started forming a range movement between the levels of 0.8100 and 0.8270. The current price is 0.8170, and the pair is still trading near the lower boundary of this side channel, showing a weak attempt at recovery. The MA (200) H1 moving average (0.8315) is confidently directed downwards and is far above the current levels, around 0.8365, confirming a strong downtrend in the medium term. The price has not approached this average since April 9th, which highlights the continued selling pressure. The MACD indicator remains in the zone below zero, while the histogram fluctuates slightly, reflecting the absence of a directional impulse and a possible accumulation phase. A slight increase in the histogram on the last candles may indicate a local attempt by the bulls to take the initiative, but there are no convincing reversal signals yet.

Resistance levels are: 0.8270, 0.8365, 0.8585

Support levels are: 0.8100, 0.7715, 0.7080

The main scenario for the pair's advance suggests a breakout of the support 0.8100 (April 11 low) and a possible decline to 0.7715 (Sep 2’ 2011 low) 

An alternative scenario implies a breakout of the resistance 0.8270 (April 14 high) and there may be an increase to 0.8365 (April 9 low)