Today, the USD/CHF pair is trading in the range of 0.8985-0.9025 after declining on Monday to the weekly low of 0.8955. On the hourly chart, the pair may test the strength of the MA (200) H1 moving average line (0.9030). On the four-hour chart, the pair remains below the H4 MA (200) (0.9075). Technically speaking, the resistance level at 0.9075 may keep prices from rising further. If this level is passed, the pair may rise to 0.9125. The lower boundary of 0.8955 is a strong support level.

  • Resistance levels are 0.9030, 0.9075, and 0.9110-25.
  • Support levels are 0.8955, 0.8920, and 0.8890.

The main scenario of the pair’s advance implies an increase to MA (200) H1 (0.9030) and so, maybe, to 0.9075 (Nov. 3 high).
The alternative scenario suggests a break of 0.8955 support (Nov. 6 low), and there could be a decline to 0.8920 (Oct. 25 low).