19:42 USD / CHF is trading slightly below MA (200) H1
Today, the USD/CHF pair is trading in the range of Chf0. 9075-0.9105, after falling yesterday from Chf0.9140 to Chf0.9080. On the hourly chart, the pair is trading slightly below the MA (200) H1 moving average line (Chf0. 9105). The situation is similar on the four-hour chart. A session low of Chf0. 9075 may keep USD / CHF from falling further. If it breaks through, the pair may decline to Chf0. 9050. MA (200) H1 (Chf0.9105) represents the resistance level. If it is passed, USD/CHF may rise to Chf0. 9140. The most likely range of movement of the pair today may be hidden within the range of Chf0. 9075-0.9140.
⦁ Resistance levels are at: Chf0.9105, Chf0.9140, Chf0.9160
⦁ Support levels are at: Chf0.9075, Chf0.9050, Chf0.9000
The main scenario for the pair's promotion - breakout of the session low Chf0. 9075, and a likely decline to Chf0.9050 (September 10 low).
An alternative scenario - breakout of MA (200) H1 (Chf0. 9105), and the pair's likely growth to Chf0.9140 (September 17 high).
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