Yesterday the pair USD/CHF traded in different directions in the range of 0.8745-0.8800 and closed the day without significant changes. Today the pair was also trading in a narrow range of 0.8770-85, staying close to yesterday's closing price. On the hourly chart, USD/CHF is testing the strength of the support - the moving average line MA (200) H1 (0.8810). On the four-hour chart, the pair is still above the MA 200 H4 line. Based on the foregoing, it is probably worth sticking to the north direction in trading, and as long as the pair remains above MA 200 H1, it may be necessary to look for entry points to buy at the end of the correction.
Probably, the main scenario is a resumption of growth towards 0.8800 (Aug 30 high).
The alternative scenario is final consolidation below MA 200 H1, followed by fall to 0.8745 (Aug 30 low).
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