Back
21 Feb 2014
USD/CHF reached 0.89…again
FXStreet (Moscow) - After failed attempts to break below 0.8890, we saw USD/CHF rebounding to 0.89 area where it trades at the moment.
USD/CHF got lucky
The pair is on the rise, as the market largely ignores the negative developments from the US economy. USD/CHF was able to rebound on the EMU data weakness, and is ready to continue the rise today. The market got immune to the disappointments from the US reports, and believed in “bad weather” explanations. In such circumstances positive data from housing market may trigger a mass buy-out with initial target at 0.8921 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8889 with support below at 0.8863, 0.8831, and 0.8805, with resistance above at 0.8921, 0.8947, and 0.8979. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8928 and the daily 20EMA bearish at 0.8961. Hourly RSI is neutral at 48.
USD/CHF got lucky
The pair is on the rise, as the market largely ignores the negative developments from the US economy. USD/CHF was able to rebound on the EMU data weakness, and is ready to continue the rise today. The market got immune to the disappointments from the US reports, and believed in “bad weather” explanations. In such circumstances positive data from housing market may trigger a mass buy-out with initial target at 0.8921 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8889 with support below at 0.8863, 0.8831, and 0.8805, with resistance above at 0.8921, 0.8947, and 0.8979. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8928 and the daily 20EMA bearish at 0.8961. Hourly RSI is neutral at 48.