9 Jun 2014
USD/CHF shows some attempts to fall again
FXStreet (Moscow) - USD/CHF opened the day at 0.8931, after a period of silence slid to 0.8918 low.
Euro saves Swissy
The pair stabilized around 3-week lows, as the American labor data failed to give the pair stimulus to rise. The market thought the Non-Farm readings are not strong enough to change anything in their FED rate expectations. Besides, the euro is well bid on the understanding there will be no additional easing at least till autumn, and it may keep the Swissy stable in the near-term. The upside may be limited by 0.8955 resistance, and the downside – by 0.8912.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8932 with support below at 0.8912, 0.8889, and 0.8869, with resistance above at 0.8955, 0.8975, and 0.8998. Hourly Moving Averages are mixed, with the 200SMA at 0.8964 and the daily 20EMA flat at 0.8929. Hourly RSI is bullish at 52.
Euro saves Swissy
The pair stabilized around 3-week lows, as the American labor data failed to give the pair stimulus to rise. The market thought the Non-Farm readings are not strong enough to change anything in their FED rate expectations. Besides, the euro is well bid on the understanding there will be no additional easing at least till autumn, and it may keep the Swissy stable in the near-term. The upside may be limited by 0.8955 resistance, and the downside – by 0.8912.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8932 with support below at 0.8912, 0.8889, and 0.8869, with resistance above at 0.8955, 0.8975, and 0.8998. Hourly Moving Averages are mixed, with the 200SMA at 0.8964 and the daily 20EMA flat at 0.8929. Hourly RSI is bullish at 52.