26 Mar 2014
USD/CHF is almost, practically… not above 0.8870 yet
FXStreet (Moscow) - USD/CHF already posted 3-week high at 0.8877 in Europe, but retraced back to 0.8860 area at the moment.
US data is a risk factor
The pair is within spitting distance from the strong resistance area around 0.8870. The empty economic calendar of Europe makes a supportive environment for further USD rise. Nevertheless, the scheduled for American session US Durable Goods data may stop the rally, if bad weather factor deteriorated the report results. Thus, the mentioned area is the key for further pair direction. If broken, it will pave the way to 0.8915 area. But if any negative factors intervene, wait for an impressive rebound with initial target at 0.8835 support level.
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 is a risk factor
The pair is within spitting distance from the strong resistance area around 0.8870. The empty economic calendar of Europe makes a supportive environment for further USD rise. Nevertheless, the scheduled for American session US Durable Goods data may stop the rally, if bad weather factor deteriorated the report results. Thus, the mentioned area is the key for further pair direction. If broken, it will pave the way to 0.8915 area. But if any negative factors intervene, wait for an impressive rebound with initial target at 0.8835 support level.
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.