Today, the USD/CHF pair is trading mainly with an increase in the range of Chf0.9600-80 - about a 2-week low. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Chf0.9780) and on the four-hour chart - below MA (200)H1 (Chf0.9765). Technically speaking, the resistance of Chf0.9735 can keep prices from further growth. The lower bound of Chf0.9580 represents the support level.
⦁ Resistance levels are: Chf0.9690, Chf0.9735, Chf0.9780
⦁ Support levels are: Chf0.9580, Chf0.9545-55, Chf0.9450
The main scenario for the pair's promotion — support breakthrough of Chf0.9580 (June 22 low) and there may be a decline to Chf0.9545-55 (May 27-30 and June 3 lows)
An alternative scenario — resistance breakout is Chf0.9690 (June 21-22 high) and there may be an increase to Chf0.9735 (June 17 high)
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