USD/CHF tests MA (200) H1

On the hourly chart, the USD/CHF pair is showing a recovery from the previous downtrend, but the current movement is facing resistance in the 0.8215 area. The price managed to gain a foothold above the support levels of 0.8090 and 0.8120, and then broke through the MA (200) H1 moving average, which strengthened bullish sentiment in the short term. Nevertheless, after reaching a local maximum near 0.8215, the quote adjusted downwards and is currently trading at the level of 0.8180, being under pressure again. Support is now at 0.8155, its breakdown may increase the downward pressure and lead to a retest of 0.8120. The MACD indicator is still in the positive zone, but it shows a decrease in the histogram, which indicates a weakening of the upward momentum. To confirm further growth, the pair needs to return above the 0.8215 level and gain a foothold above the 200-period moving average.

Resistance levels are: 0.8215, 0.8335-50, 0.8310

Support levels are: 0.8155, 0.8120, 0.8090

The main scenario for the pair's advance suggests a breakout of the session low of 0.8155 (June 18 low) and a possible decline to 0.8120 (June 17 low) 

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