USD/CHF Analysis

[PapiaKhatunAsha]

Today, the USD/CHF pair mainly fell from 0.9075 to 0.8995, testing the MA (200) H1 moving average (0.9020) on the hourly chart. On the 4-hour chart, the pair tests MA (200)H4 (0.9055). The support level of 0.8965 may prevent further price declines. If this level is broken, the pair could fall to 0.8920. The upper limit of 0.9125 represents a strong resistance level.

• Resistance levels are 0.9075, 0.9110-25, and 0.9185.
• Support levels are 0.8965, 0.8920, and 0.8890.

The main scenario for this pair suggests a session high of 0.9075 and then a rally to 0.9110-25 (October 9th and November 1st highs).

An alternative scenario suggests a break below support at 0.8965 (October 26th low) and a fall to 0.8920 (October 25th low).