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12 Mar 2014
USD/CHF may not dare breaking above 0.89
FXStreet (Moscow) - USD/CHF started the day at 0.8771, and moved up a little bit reaching 0.8787 high by the moment.
Swissy is still attractive
The pair Is trading in narrow 40-pip range 0.8860-0.89 from the beginning of the week, coming closer to the upper limit of the band. Despite the growing interest to USD on expectations of better than expected retail sales scheduled for release on Thursday, the pair may not dare to break though 0.89, and any wave of risk aversion may bring back 0.8760/50 area with 0.8722 support in sight if the mentioned zone is broken.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8785 with support below at 0.8763, 0.8744 and 0.8722, with resistance above at 0.8804, 0.8826, and 0.8845. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8823 and the daily 20EMA bearish at 0.8865. Hourly RSI is neutral at 45.
Swissy is still attractive
The pair Is trading in narrow 40-pip range 0.8860-0.89 from the beginning of the week, coming closer to the upper limit of the band. Despite the growing interest to USD on expectations of better than expected retail sales scheduled for release on Thursday, the pair may not dare to break though 0.89, and any wave of risk aversion may bring back 0.8760/50 area with 0.8722 support in sight if the mentioned zone is broken.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8785 with support below at 0.8763, 0.8744 and 0.8722, with resistance above at 0.8804, 0.8826, and 0.8845. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8823 and the daily 20EMA bearish at 0.8865. Hourly RSI is neutral at 45.