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28 Mar 2014
USD/CHF has finally did it!
FXStreet (Moscow) - USD/CHF broke above 0.8870, reached 0.8898 high, and retraced back to 0.8880 area at the moment.
US data may support
USD/CHF finally did it with a help of the euro weakness that translated to weakness of the Swissy. The pair broke above 0.8870 area and posted March high at 0.8898. Although the further move up is complicated with large sellers’ interest noted around 0.8895 area, the recent resistance now may become a good support level for the near term. We still may get good catalyst from the USA. If PCE data will show the inflation pressure in the country, thus clearing the outlook for further FED decisions, we may see the pair rising with initial target at 0.8915 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8861 with support below at 0.8847, 0.8827 and 0.8813, with resistance above at 0.8881, 0.8895, and 0.8915. Hourly Moving Averages are bullish, with the 200SMA at 0.8814 and the daily 20EMA bullish at 0.8824. Hourly RSI is neutral at 57.
US data may support
USD/CHF finally did it with a help of the euro weakness that translated to weakness of the Swissy. The pair broke above 0.8870 area and posted March high at 0.8898. Although the further move up is complicated with large sellers’ interest noted around 0.8895 area, the recent resistance now may become a good support level for the near term. We still may get good catalyst from the USA. If PCE data will show the inflation pressure in the country, thus clearing the outlook for further FED decisions, we may see the pair rising with initial target at 0.8915 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8861 with support below at 0.8847, 0.8827 and 0.8813, with resistance above at 0.8881, 0.8895, and 0.8915. Hourly Moving Averages are bullish, with the 200SMA at 0.8814 and the daily 20EMA bullish at 0.8824. Hourly RSI is neutral at 57.