USD/CHF shows moderate recovery

On the hourly chart today, the USD/CHF pair is showing a moderate recovery after touching support at 0.8325. The current price is around 0.8370, while there is an attempt to return above the key level of 0.8375, which previously acted as support and now serves as resistance. The price remains above the 200-period moving average, which indicates the continued predominance of bullish sentiment. However, in the short term, the movement remains restrained, and the previous wave of growth, which ended around 0.8475, has entered a correction phase.

The MACD indicator shows a gradual recovery after the negative phase, but the signals remain weak, and there is no steady upward momentum yet. The overall picture points to a flat structure with a local recovery attempt as part of a short-term correction.

Resistance levels are: 0.8375, 0.8435, 0.8475

Support levels are: 0.8325, 0.8270, 0.8225

The main scenario for the pair's advance suggests a breakout of the session high of 0.8375 and there may be an increase to 0.8440 (May 14 high).

An alternative scenario implies a breakout of the session low of 0.8325 (May 14 low) and a possible decline to 0.8270 (May 9 low)