26 Mar 2014
USD/CHF shows another attempt to break 0.8870
FXStreet (Moscow) - USD/CHF started the day at 0.8865, and strode up reaching session high at 0.8851 by the moment.
US data may pressure the pair
The pair made an attempt to break above 0.8870 again, and failed again yesterday. Nevertheless, it still has hope, and will make another attempt soon. The success will depend on the American reports. The series of weaker than expected economic data put the USD under pressure, and today’s events may become another example of this. Scheduled for release US Durable Goods Orders may miss the expectations due to bad weather conditions, and thus, the move back to 0.8790 support level is not ruled out.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8835 with support below at 0.8790, 0.8755 and 0.8710, with resistance above at 0.8870, 0.8915, and 0.8950. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8785 and the daily 20EMA flat at 0.8817. Hourly RSI is neutral at 53.
US data may pressure the pair
The pair made an attempt to break above 0.8870 again, and failed again yesterday. Nevertheless, it still has hope, and will make another attempt soon. The success will depend on the American reports. The series of weaker than expected economic data put the USD under pressure, and today’s events may become another example of this. Scheduled for release US Durable Goods Orders may miss the expectations due to bad weather conditions, and thus, the move back to 0.8790 support level is not ruled out.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8835 with support below at 0.8790, 0.8755 and 0.8710, with resistance above at 0.8870, 0.8915, and 0.8950. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8785 and the daily 20EMA flat at 0.8817. Hourly RSI is neutral at 53.