25 Mar 2014
USD/CHF reached 0.8833 high in Europe
FXStreet (Moscow) - USD/CHF followed the euro weakness reaching 0.8833 high, and retracing back to 0.8825 at the moment.
The Swissy tracks the euro weakness
The pair finally managed to tear the relationships with 0.88 and go higher reaching 0.8833 high by the moment. Partly the reasons to sell the Swissy are rooted in recent EUR/USD sell-off on Weidmann comments. The strength of the USD against one European currency translated into the USD/CHF moves. The pair is targeting the next level of resistance at 0.8855, though the rebound back to 0.88 area is not ruled out given the lack of fundamental catalysts.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8821 with support below at 0.8775, 0.8741 and 0.8695, with resistance above at 0.8855, 0.8901, and 0.8935. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8773 and the daily 20EMA flat at 0.8816. Hourly RSI is neutral at 40.
The Swissy tracks the euro weakness
The pair finally managed to tear the relationships with 0.88 and go higher reaching 0.8833 high by the moment. Partly the reasons to sell the Swissy are rooted in recent EUR/USD sell-off on Weidmann comments. The strength of the USD against one European currency translated into the USD/CHF moves. The pair is targeting the next level of resistance at 0.8855, though the rebound back to 0.88 area is not ruled out given the lack of fundamental catalysts.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8821 with support below at 0.8775, 0.8741 and 0.8695, with resistance above at 0.8855, 0.8901, and 0.8935. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8773 and the daily 20EMA flat at 0.8816. Hourly RSI is neutral at 40.