29 Apr 2014
USD/CHF retreats below 0.88 again
FXStreet (Moscow) - USD/CHF opened the day at 0.8800, retraced to 0.8785 session low, but managed to recover back to 0.88 by the moment.
Mild sanctions helped…the USD
The Swissy was helped yesterday by the renewed demand on the euro as a risk-free currency. The Russian interest was noted behind the splash of interest on the fears of new steps from the American government against Moscow. However, as the USA imposed new economic sanctions on the country, we saw a mild rebound on the sigh of relief. The measures were perceived as too mild ones, and the pair came back to 0.88 area by the moment. If the break above the mentioned area succeeds, the initial target will be at 0.8832 followed by 0.8860.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8800 with support below at 0.8772, 0.8740, and 0.8712, with resistance above at 0.8832, 0.8860, and 0.8892. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8824 and the daily 20EMA flat at 0.8826. Hourly RSI is bullish at 51.
Mild sanctions helped…the USD
The Swissy was helped yesterday by the renewed demand on the euro as a risk-free currency. The Russian interest was noted behind the splash of interest on the fears of new steps from the American government against Moscow. However, as the USA imposed new economic sanctions on the country, we saw a mild rebound on the sigh of relief. The measures were perceived as too mild ones, and the pair came back to 0.88 area by the moment. If the break above the mentioned area succeeds, the initial target will be at 0.8832 followed by 0.8860.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8800 with support below at 0.8772, 0.8740, and 0.8712, with resistance above at 0.8832, 0.8860, and 0.8892. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8824 and the daily 20EMA flat at 0.8826. Hourly RSI is bullish at 51.