17 Jan 2014
USD/CHF trades at 0.9050, but doesn’t forget about 0.91
FXstreet.com (Moscow) - USD/CHF started the day at 0.9047 and since that time was confined to narrow 10-pip range, having no catalysts in sight.
USD/CHF can get another chance for come back
The correction move from 0.91 resistance level is still in place, though the pair is not ready to go too far from it, currently trading at 0.9049. Today we may get a chance to see the come back to the key level provided the USA brings us positive surprises. The retail sales and CPI numbers are more about the consumer sentiment, and we will get a chance to know what the Americans think about the economy tonight. If the University of Michigan index grows above the forecasted 83.4, we will see the move higher with the initial target at 0.9091 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9062 with support below at 0.9018 (S1), 0.8989 (S2) and 0.8945 (S3), with resistance above at 0.9091 (R1), 0.9135, and 0.9164 (R3). Hourly Moving Averages are largely bearish, with the 200SMA at 0.9061 and the daily 20EMA bullish at 0.9015. Hourly RSI is neutral at 89.
USD/CHF can get another chance for come back
The correction move from 0.91 resistance level is still in place, though the pair is not ready to go too far from it, currently trading at 0.9049. Today we may get a chance to see the come back to the key level provided the USA brings us positive surprises. The retail sales and CPI numbers are more about the consumer sentiment, and we will get a chance to know what the Americans think about the economy tonight. If the University of Michigan index grows above the forecasted 83.4, we will see the move higher with the initial target at 0.9091 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9062 with support below at 0.9018 (S1), 0.8989 (S2) and 0.8945 (S3), with resistance above at 0.9091 (R1), 0.9135, and 0.9164 (R3). Hourly Moving Averages are largely bearish, with the 200SMA at 0.9061 and the daily 20EMA bullish at 0.9015. Hourly RSI is neutral at 89.