16 Jun 2014
USD/CHF is around 0.90 spying on euro
FXStreet (Moscow) - USD/CHF opened the day at 0.8996, slid to 0.8985, but came back to 0.90 area at the moment posting 2-week high at 0.9012.
FOMC to watch
The resistance area around 0.90 is the key for the short-term moves of the pair as well as 1.35 for EUR/USD. While the SNB is in no rush to change anything in the monetary policy course, the Fed may give some new food for thought during the looming FOMC meeting, and if the growth forecasts are revised higher, it may be enough to send the pair to new highs with 0.9022 resistance as initial target. For now watch the euro moves – as soon as 1.35 broken, the swissy may position above 0.90.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8990 with support below at 0.8968, 0.8936, and 0.8914, with resistance above at 0.9022, 0.9044, and 0.9076. Hourly Moving Averages are mixed, with the 200SMA at 0.8972 and the daily 20EMA bullish at 0.8953. Hourly RSI is bullish at 51.
FOMC to watch
The resistance area around 0.90 is the key for the short-term moves of the pair as well as 1.35 for EUR/USD. While the SNB is in no rush to change anything in the monetary policy course, the Fed may give some new food for thought during the looming FOMC meeting, and if the growth forecasts are revised higher, it may be enough to send the pair to new highs with 0.9022 resistance as initial target. For now watch the euro moves – as soon as 1.35 broken, the swissy may position above 0.90.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8990 with support below at 0.8968, 0.8936, and 0.8914, with resistance above at 0.9022, 0.9044, and 0.9076. Hourly Moving Averages are mixed, with the 200SMA at 0.8972 and the daily 20EMA bullish at 0.8953. Hourly RSI is bullish at 51.