15 Jul 2014
Swissy is under pressure during European morning
FXStreet (Moscow) - USD/CHF opened the day at 0.8979, and switched to rising mode reaching 0.8930 area, slipped down to 0.8910, but came back to 0.8925 again.
Listen to Janet
The Swissy is in two minds trying to get some fuel from the euro, but being pressure by the buck strength. Draghi was reserved and repeated everything what we have already heard earlier. However, this was enough for the euro to slide back to its 1.36 zone of comfort. It helped USD/CHF to reverse the move and come back above 0.8920 area. Besides, the expectations of Janet Yellen’s testimony supported the buck, and may support it again given the rising rumors about the FOMC members getting ready for more aggressive stance. If so, the pair may go up with initial target at 0.8953.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8917 with support below at 0.8900, 0.8881, and 0.8864, with resistance above at 0.8936, 0.8953, and 0.8972. Hourly Moving Averages are largely neutral, with the 200SMA at 0.8925 and the daily 20EMA flat at 0.8927. Hourly RSI is bullish at 50.
Listen to Janet
The Swissy is in two minds trying to get some fuel from the euro, but being pressure by the buck strength. Draghi was reserved and repeated everything what we have already heard earlier. However, this was enough for the euro to slide back to its 1.36 zone of comfort. It helped USD/CHF to reverse the move and come back above 0.8920 area. Besides, the expectations of Janet Yellen’s testimony supported the buck, and may support it again given the rising rumors about the FOMC members getting ready for more aggressive stance. If so, the pair may go up with initial target at 0.8953.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8917 with support below at 0.8900, 0.8881, and 0.8864, with resistance above at 0.8936, 0.8953, and 0.8972. Hourly Moving Averages are largely neutral, with the 200SMA at 0.8925 and the daily 20EMA flat at 0.8927. Hourly RSI is bullish at 50.