9 Apr 2014
USD/CHF tries to rebuild its tarnished reputation
FXStreet (Moscow) - USD/CHF looked more confident and purposeful on its corrective path than other, starting the day at 0.8830 and moving up posting 0.8843 high in the morning, but with European open it retraced back to 0.8830 at the moment.
If they follow Jannet
The pair reached weekly lows being impressed by the recent broad-based USD weakness. The market took opportunity to show the postponed reaction to last Friday’s Non-Farm Payrolls. Although the data came out as expected, the investors hoped for much better numbers, and they just took revenge yesterday. Nevertheless, everything may stop today, if we see any comments on specific timing of the tightening within the FOMC minutes. We all remember that Jannet Yellen talked about 6-month period after the QE ends, and if we hear the confirmation of this term, wait for a sharp rise with initial target at 0.8865 resistance level followed by 0.8900.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8845 with support below at 0.8810, 0.8790 and 0.8755, with resistance above at 0.8865, 0.8900, and 0.8920. Hourly Moving Averages are bearish, with the 200SMA at 0.8869 and the daily 20EMA flat at 0.8850. Hourly RSI is bearish at 35.
If they follow Jannet
The pair reached weekly lows being impressed by the recent broad-based USD weakness. The market took opportunity to show the postponed reaction to last Friday’s Non-Farm Payrolls. Although the data came out as expected, the investors hoped for much better numbers, and they just took revenge yesterday. Nevertheless, everything may stop today, if we see any comments on specific timing of the tightening within the FOMC minutes. We all remember that Jannet Yellen talked about 6-month period after the QE ends, and if we hear the confirmation of this term, wait for a sharp rise with initial target at 0.8865 resistance level followed by 0.8900.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8845 with support below at 0.8810, 0.8790 and 0.8755, with resistance above at 0.8865, 0.8900, and 0.8920. Hourly Moving Averages are bearish, with the 200SMA at 0.8869 and the daily 20EMA flat at 0.8850. Hourly RSI is bearish at 35.