4 Apr 2014
USD/CHF up, but, "The harder they come..."
FXStreet (Guatemala) - Currently, USD/CHF is trading at 0.8926, up 0.18% on the day, having posted a daily high at 0.8936 and low at 0.8906.
USD/CHF rallied onto 0.8920 territory on Thursday, quite a performer on the day amongst the G10’s, although today the market is halting any further advances before the results of the US job numbers. Anything short of expectations could see this pair 'come a cropper'.
USD/CHF awaits Nonfarm Payrolls
Analysts are widely expecting a Nonfarm payrolls number somewhere in the region of 200k. If we see such a number, this should only support the US dollar in relation to the Feds tapering schedule.
Meanwhile, daily RSI is in neutral territory at 59.97
On the hourly USD/CHF chart, the 200 SMA is climbing and currently at 0.8888, up from the previous hour close at 0.8857. On average, the exponential closing price for the past 20 days is 0.8841, with the trend indicating a continuation higher ahead.
USD/CHF Levels
Spot is presently trading at 0.8927, and next resistance can be seen at 0.8929 (Yesterday's High), 0.8936 (Daily High), 0.8946 (Daily Classic R1), 0.8948 (Daily 100 SMA) and 0.8965 (Weekly Classic R2). Next support to the downside can be found at 0.8918 (Weekly Classic R1), 0.8916 (Hourly 20 EMA), 0.8911 (Monthly High), 0.8911 (Weekly High) and 0.8906 (Daily Open).
USD/CHF rallied onto 0.8920 territory on Thursday, quite a performer on the day amongst the G10’s, although today the market is halting any further advances before the results of the US job numbers. Anything short of expectations could see this pair 'come a cropper'.
USD/CHF awaits Nonfarm Payrolls
Analysts are widely expecting a Nonfarm payrolls number somewhere in the region of 200k. If we see such a number, this should only support the US dollar in relation to the Feds tapering schedule.
Meanwhile, daily RSI is in neutral territory at 59.97
On the hourly USD/CHF chart, the 200 SMA is climbing and currently at 0.8888, up from the previous hour close at 0.8857. On average, the exponential closing price for the past 20 days is 0.8841, with the trend indicating a continuation higher ahead.
USD/CHF Levels
Spot is presently trading at 0.8927, and next resistance can be seen at 0.8929 (Yesterday's High), 0.8936 (Daily High), 0.8946 (Daily Classic R1), 0.8948 (Daily 100 SMA) and 0.8965 (Weekly Classic R2). Next support to the downside can be found at 0.8918 (Weekly Classic R1), 0.8916 (Hourly 20 EMA), 0.8911 (Monthly High), 0.8911 (Weekly High) and 0.8906 (Daily Open).