18 Feb 2014
USD/CHF stepped up from 0.89
FXStreet (Moscow) - Although USD/CHF moved a little higher from recent lows around 0.89, it still has no inspiration to show the broad move, trading at 0.8920 at the moment.
USD/CHF in consolidation around 0.89
The pair still has no strength to rise though USD was able to rebound against another safe heaven - yen. The closed for President’s day US markets supported the consolidative moves, but today we may expect more action, given the scheduled for release Empire State Manufacturing Index, and some other second-tier data from the States. If we get positive numbers, it may fuel some mild rally up with initial target at 0.8941 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8914 with support below at 0.8902, 0.8887, and 0.8875, with resistance above at 0.8929, 0.8941, and 0.8956. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8971 and the daily 20EMA bearish at 0.8987. Hourly RSI is neutral at 52.
USD/CHF in consolidation around 0.89
The pair still has no strength to rise though USD was able to rebound against another safe heaven - yen. The closed for President’s day US markets supported the consolidative moves, but today we may expect more action, given the scheduled for release Empire State Manufacturing Index, and some other second-tier data from the States. If we get positive numbers, it may fuel some mild rally up with initial target at 0.8941 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8914 with support below at 0.8902, 0.8887, and 0.8875, with resistance above at 0.8929, 0.8941, and 0.8956. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8971 and the daily 20EMA bearish at 0.8987. Hourly RSI is neutral at 52.