Yesterday the USD/CHF traded down and closed the day in the red zone near the price of Chf0.9610. Today it was trading in a narrow range of Chf0.9600-20, remaining close to yesterday's closing price. On the hourly chart, USD/CHF finally consolidated below the moving average line MA (200) H1 (Chf0.9790). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the USD/CHF remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.
Resistances levels are at: Chf0.9690, Chf0.9730, Chf0.9840
Support levels are at: Chf0.9580, Chf0.9545-55, Chf0.9520
Probably, the main scenario is a likely decline to Chf0.9580 (Jun 22 low).
An alternative scenario is the final consolidation above the MA 200 H1 level, followed by growth to Chf0.9590 (the low of the American session on Jun 3).
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