Technical analysis

13 January 2021

20:50 USD / CHF remains above MA (200) H1

Today, the USD/CHF pair rose from Chf0. 8850 to Chf0.8890, regaining some positions lost during yesterday's trading. Yesterday, the pair fell from Chf0. 8915 to Chf0.8860. On the hourly chart, the pair is trading above the moving average line of MA (200) H1 (Chf0. 8840), but on the four-hour chart it remains below MA (200) H4 (Chf0.8900). Technically speaking, a strong resistance level of Chf0. 8920 could keep USD / CHF from rising further. If it breaks through, the price may rise to Chf0. 8945. The most likely range of movement of the pair for today can be hidden within the range of Chf0. 8850-0. 8920

Resistance levels are: Chf0.8920, Chf0.8945, Chf0.9010

Support levels are: Chf0.8850, Chf0.8820, Chf0.8755-75

The main scenario for the pair's promotion - correction, the pair's decline to Chf0. 8820 (January 8 low)

An alternative scenario - if the resistance of Chf0. 8820 (December 24-28 and January 11 high) is broken, the pair can rise to Chf0. 8845 (December 7 high)

13 January 2021, 21:03

USD / JPY remains above MA (200) Н1