17 Jul 2014
USD/CHF still may take 0.90
FXStreet (Moscow) - USD/CHF opened the day at 0.8981, tried to resume the rise, but failed and slid to 0.8970 area at the moment.
Next milestone
The pair is more purposeful on its way higher than another risk-free pair USD/JPY, as double effect of the euro weakness, and buck strength is still doing its job. The next serious milestone is at 0.90 not seen from the middle of June. If the euro continues to slide, and crosses the 1.35 support in EUR/USD, we may see the spike higher above 0.90 with initial target at 0.9013 resistance. Thus, pay special attention to the EMU CPI data released in half an hour.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8976 with support below at 0.8962, 0.8939, and 0.8925, with resistance above at 0.8999, 0.9013, and 0.9036. Hourly Moving Averages are bullish, with the 200SMA at 0.8936 and the daily 20EMA bullish at 0.8935. Hourly RSI is bullish at 62.
Next milestone
The pair is more purposeful on its way higher than another risk-free pair USD/JPY, as double effect of the euro weakness, and buck strength is still doing its job. The next serious milestone is at 0.90 not seen from the middle of June. If the euro continues to slide, and crosses the 1.35 support in EUR/USD, we may see the spike higher above 0.90 with initial target at 0.9013 resistance. Thus, pay special attention to the EMU CPI data released in half an hour.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8976 with support below at 0.8962, 0.8939, and 0.8925, with resistance above at 0.8999, 0.9013, and 0.9036. Hourly Moving Averages are bullish, with the 200SMA at 0.8936 and the daily 20EMA bullish at 0.8935. Hourly RSI is bullish at 62.