17 Jun 2014
USD/CHF has its favorite target – 0.90
FXStreet (Moscow) - USD/CHF opened the day at 0.8969, had a walk to 0.8963, but realized this is the wrong way, and returned above 0.8980.
FOMC to watch
The pair had to lose a lot yesterday on sudden euro strength. However, having reached the bottom of the weekly range, the pair turned around, and targeted recent highs again. The just released PPI and Import Prices out of Switzerland were completely ignored by the market, as came out in line with expectations. The upside for the pair may be limited by 0.9003 area, while the downside is defended by 0.8952.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8983 with support below at 0.8952, 0.8932, and 0.8901, with resistance above at 0.9003, 0.9034, and 0.9054. Hourly Moving Averages are mixed, with the 200SMA at 0.8974 and the daily 20EMA bullish at 0.8955. Hourly RSI is bullish at 50.
FOMC to watch
The pair had to lose a lot yesterday on sudden euro strength. However, having reached the bottom of the weekly range, the pair turned around, and targeted recent highs again. The just released PPI and Import Prices out of Switzerland were completely ignored by the market, as came out in line with expectations. The upside for the pair may be limited by 0.9003 area, while the downside is defended by 0.8952.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8983 with support below at 0.8952, 0.8932, and 0.8901, with resistance above at 0.9003, 0.9034, and 0.9054. Hourly Moving Averages are mixed, with the 200SMA at 0.8974 and the daily 20EMA bullish at 0.8955. Hourly RSI is bullish at 50.