5 May 2014
USD/CHF will get no fuel from US
FXStreet (Moscow) - USD/CHF opened the day with a gap lower, reaching 0.8767, but returned above 0.8770 at the moment.
“Russian” out of risk
The weekend brought terrible news of new deaths in Ukrainian cities, which again raised concerns about the future of used to be peaceful Europe. The escalating conflict triggered risk aversion around the market, with the Swissy being the first place to run for safety. The move back to 0.87 is not ruled out right after support at 0.8754 is broken. The released today Non-Manufacturing ISM is out of interest as its employment component is an important leading indicator for Non-Farm report, and we already got it last Friday.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8798 with support below at 0.8754, 0.8728, and 0.8684, with resistance above at 0.8824, 0.8868, and 0.8894. Hourly Moving Averages are bearish, with the 200SMA at 0.8812 and the daily 20EMA flat at 0.8817. Hourly RSI is bearish at 40.
“Russian” out of risk
The weekend brought terrible news of new deaths in Ukrainian cities, which again raised concerns about the future of used to be peaceful Europe. The escalating conflict triggered risk aversion around the market, with the Swissy being the first place to run for safety. The move back to 0.87 is not ruled out right after support at 0.8754 is broken. The released today Non-Manufacturing ISM is out of interest as its employment component is an important leading indicator for Non-Farm report, and we already got it last Friday.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8798 with support below at 0.8754, 0.8728, and 0.8684, with resistance above at 0.8824, 0.8868, and 0.8894. Hourly Moving Averages are bearish, with the 200SMA at 0.8812 and the daily 20EMA flat at 0.8817. Hourly RSI is bearish at 40.