6 Mar 2014
USD/CHF comes closer to 0.89
FXStreet (Moscow) - USD/CHF again shows some attempts to come closer to 0.89 trading at 0.8890 at the momment.
Swissy may dance on USD weakness
Despite the shy attempts to climb up above 0.89, the round level resistance is still hard to overcome, so the pair has all the reasons to resume the slide again. There is only one hope for the rise -if we get better than expected Unemployment Claims. The thing is that yesterday’s Non-Manufacturing ISM was bad, and the employment component was even worse sliding to contraction territory and promising weak Non-Farm Payroll outcome. The 4-week average stripped of weekly volatility may be of interest, and if we get another disappointment here that may become the straw that will break the camel’s neck. In this case the pair may rush to 0.8878 support level followed by 0.8859.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8878 with support below at 0.8859, 0.8840, and 0.8821, with resistance above at 0.8897, 0.8916, and 0.8935. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8866 and the daily 20EMA bearish at 0.8904. Hourly RSI is neutral at 62.
Swissy may dance on USD weakness
Despite the shy attempts to climb up above 0.89, the round level resistance is still hard to overcome, so the pair has all the reasons to resume the slide again. There is only one hope for the rise -if we get better than expected Unemployment Claims. The thing is that yesterday’s Non-Manufacturing ISM was bad, and the employment component was even worse sliding to contraction territory and promising weak Non-Farm Payroll outcome. The 4-week average stripped of weekly volatility may be of interest, and if we get another disappointment here that may become the straw that will break the camel’s neck. In this case the pair may rush to 0.8878 support level followed by 0.8859.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8878 with support below at 0.8859, 0.8840, and 0.8821, with resistance above at 0.8897, 0.8916, and 0.8935. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8866 and the daily 20EMA bearish at 0.8904. Hourly RSI is neutral at 62.