Yesterday the USD/CHF traded in different directions in the range of Chf0.9190-Chf0.9280 and closed the day without significant changes. Today it was also trading in a narrow range of Chf0.9210-30, staying close to yesterday's closing price. On the hourly chart, USD/CHF is still testing resistance - the moving average line MA (200) H1 (Chf0.9215). On the four-hour chart, the USD/CHF is still below the MA 200 H4 line. 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 for selling at the end of the correction.
Resistances levels are at: Chf0.9280-85, Chf0.9315, Chf0.9360-70
Support levels are at: Chf0.9190, Chf0.9160, Chf0.9140
Probably, the main scenario is a renewed fall towards Chf0.9190 (Jan 24 low).
The alternative scenario - final consolidation above MA 200 H1, followed by growth towards Chf0.9360 (Jan 12 high).
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