21 Jan 2014
USD/CHF on the back foot again
FXstreet.com (Guatemala) - USD/CHF dropped back sharply on supply from the 2 months high at 0.9156 to 0.9115 after rallying earlier away form the 0.91 handle.
The Hilsenrath article overnight was fuelling the dollar as it helped to drag US yields off the all important 2.82% pivot, which lifted USD/CHF off the lows. The pair is currently making an effort to sustain offers above 0.9123 support and on a light calendar for the pair today, focus comes into play with tomorrows ZEW for Switzerland and then US Jobless Claims numbers on Thursday.
USD/CHF Levels
The 20 DMA is 0.9014, the 50 DMA is 0.9022 and the 200 DMA is 0.9236. RSI (14) reads 43.88 Supports are ascending from 0.9032, 0.9060, 0.9076, 0.9089 and 0.9123. Spot is 0.9125 while resistances are sighted at 0.9133, 0.9150, 0.9165 and 0.9195.
The Hilsenrath article overnight was fuelling the dollar as it helped to drag US yields off the all important 2.82% pivot, which lifted USD/CHF off the lows. The pair is currently making an effort to sustain offers above 0.9123 support and on a light calendar for the pair today, focus comes into play with tomorrows ZEW for Switzerland and then US Jobless Claims numbers on Thursday.
USD/CHF Levels
The 20 DMA is 0.9014, the 50 DMA is 0.9022 and the 200 DMA is 0.9236. RSI (14) reads 43.88 Supports are ascending from 0.9032, 0.9060, 0.9076, 0.9089 and 0.9123. Spot is 0.9125 while resistances are sighted at 0.9133, 0.9150, 0.9165 and 0.9195.