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26 Feb 2014
USD/CHF is still around 0.8870
FXStreet (Moscow) - USD/CHF was able to nest above today’s central pivot point at 0.8873 rising from 0.8866 at the open.
USD/CHF will focus on Ukraine
The pair failed to break below 0.8860/50 area, as it had not enough momentum despite all this turbulence on Ukrainian default issue. If we see further comments on desperate lot of the revolutionary Kiev, the risk aversion may help the pair to move lower with initial target at 0.8834 support level. Nevertheless, the US Dollar looks stronger today, and may lead the rebound to 0.8893 resistance level in a corrective move.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8873 with support below at 0.8854, 0.8834, and 0.8815, with resistance above at 0.8893, 0.8912, and 0.8932. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8896 and the daily 20EMA bearish at 0.8940. Hourly RSI is neutral at 51.
USD/CHF will focus on Ukraine
The pair failed to break below 0.8860/50 area, as it had not enough momentum despite all this turbulence on Ukrainian default issue. If we see further comments on desperate lot of the revolutionary Kiev, the risk aversion may help the pair to move lower with initial target at 0.8834 support level. Nevertheless, the US Dollar looks stronger today, and may lead the rebound to 0.8893 resistance level in a corrective move.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8873 with support below at 0.8854, 0.8834, and 0.8815, with resistance above at 0.8893, 0.8912, and 0.8932. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8896 and the daily 20EMA bearish at 0.8940. Hourly RSI is neutral at 51.