13 Feb 2014
USD/CHF is selling off everything it bought yesterday
FXStreet (Moscow) - USD/CHF got under pressure sliding from 0.9005 at the open to 0.8954 low by the moment.
USD/CHF got knocked by risk aversion
USD/CHF was very active in the morning selling out everything it gained recently. Yesterday, the pair was affected by several factors starting from the rising appetites for risk, and ending with deflationary pressure in Switzerland that drove the national currency lower. Nevertheless, Asia left negative sentiment in the market, with most indices closed in red, thus, the risk aversion is back on tap, and easily resumed the slide down with 0.8932 support level in sight.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9004 with support below at 0.8969, 0.8932, and 0.8897, with resistance above at 0.9041, 0.9076, and 0.9113. Hourly Moving Averages are largely bearish, with the 200SMA at 0.9011 and the daily 20EMA flat at 0.9009. Hourly RSI is neutral at 41.
USD/CHF got knocked by risk aversion
USD/CHF was very active in the morning selling out everything it gained recently. Yesterday, the pair was affected by several factors starting from the rising appetites for risk, and ending with deflationary pressure in Switzerland that drove the national currency lower. Nevertheless, Asia left negative sentiment in the market, with most indices closed in red, thus, the risk aversion is back on tap, and easily resumed the slide down with 0.8932 support level in sight.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9004 with support below at 0.8969, 0.8932, and 0.8897, with resistance above at 0.9041, 0.9076, and 0.9113. Hourly Moving Averages are largely bearish, with the 200SMA at 0.9011 and the daily 20EMA flat at 0.9009. Hourly RSI is neutral at 41.