14 Mar 2014
USD/CHF broke the correlation with USD/JPY
FXStreet (Moscow) - USD/CHF started the day at 0.8753, and spent the morning in quite narrow range.
Swissy lost popularity
The pair has torn the correlation with USD/JPY, and ignores the risk aversion, recovering part of the positions lost from the start of the week. It made at turn around reaching 0.8698 not seen from October, 2011. It already reached 0.8750 area, and there is still upside potential in store. As we see the technical factor of oversold territory is the priority for the pair, the initial target is at 0.8777 resistance level with 0.8806 to follow
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8738 with support below at 0.8709, 0.8670 and 0.8641, with resistance above at 0.8777, 0.8806, and 0.8845. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8802 and the daily 20EMA bearish at 0.8843. Hourly RSI is neutral at 59.
Swissy lost popularity
The pair has torn the correlation with USD/JPY, and ignores the risk aversion, recovering part of the positions lost from the start of the week. It made at turn around reaching 0.8698 not seen from October, 2011. It already reached 0.8750 area, and there is still upside potential in store. As we see the technical factor of oversold territory is the priority for the pair, the initial target is at 0.8777 resistance level with 0.8806 to follow
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8738 with support below at 0.8709, 0.8670 and 0.8641, with resistance above at 0.8777, 0.8806, and 0.8845. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8802 and the daily 20EMA bearish at 0.8843. Hourly RSI is neutral at 59.