9 Jul 2014
USD/CHF loves to copy the moves – euro is in focus
FXStreet (Moscow) - USD/CHF opened the day at 0.8928, and after some hours of sleep slid to 0.8916 low.
Following the euro
The pair followed the USD/JPY slide yesterday, although in more moderate pace, and continued the to copy the moves today taking inspiration from stronger euro. The recent spike of activity around EUR/USD on the words of ECB's Coene that euro is not too strong, helped the Swissy, and sent the pair to 0.8916 low. And the move lower may continue, provided US treasury yields keep going down, and FOMC minutes come out neutral. In this case the initial target may lie at 0.8905.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8932 with support below at 0.8918, 0.8905, and 0.8891, with resistance above at 0.8945, 0.8959, and 0.8972. Hourly Moving Averages are mixed, with the 200SMA at 0.8914 and the daily 20EMA flat at 0.8931. Hourly RSI is bearish at 44.
Following the euro
The pair followed the USD/JPY slide yesterday, although in more moderate pace, and continued the to copy the moves today taking inspiration from stronger euro. The recent spike of activity around EUR/USD on the words of ECB's Coene that euro is not too strong, helped the Swissy, and sent the pair to 0.8916 low. And the move lower may continue, provided US treasury yields keep going down, and FOMC minutes come out neutral. In this case the initial target may lie at 0.8905.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8932 with support below at 0.8918, 0.8905, and 0.8891, with resistance above at 0.8945, 0.8959, and 0.8972. Hourly Moving Averages are mixed, with the 200SMA at 0.8914 and the daily 20EMA flat at 0.8931. Hourly RSI is bearish at 44.