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23 Apr 2014
USD/CHF is testing 0.8830
FXStreet (Moscow) - USD/CHF opened the day at 0.8848, and spent the morning testing 0.8830 area rebounding to 0.8850 and coming back again.
Nothing to rest on
The latest economic reports confirm that the American economy is recovering, but gradually. Unfortunately scheduled for release reports of this week are mostly second-tier data, and may only slightly support or pressure the USD. It means the pair may saw range-bound moves near-term up till next week’s FOMC rate decision comes out. For today the focus is on New Home Sales that may move the pair to initial resistance at 0.8865, if it exceeds expectations. If the current brake below 0.8830 succeed, wait for the move lower to 0.8817.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8848 with support below at 0.8834, 0.8817, and 0.8803, with resistance above at 0.8865, 0.8879, and 0.8896. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8810 and the daily 20EMA bullish at 0.8830. Hourly RSI is bearish at 44.
Nothing to rest on
The latest economic reports confirm that the American economy is recovering, but gradually. Unfortunately scheduled for release reports of this week are mostly second-tier data, and may only slightly support or pressure the USD. It means the pair may saw range-bound moves near-term up till next week’s FOMC rate decision comes out. For today the focus is on New Home Sales that may move the pair to initial resistance at 0.8865, if it exceeds expectations. If the current brake below 0.8830 succeed, wait for the move lower to 0.8817.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8848 with support below at 0.8834, 0.8817, and 0.8803, with resistance above at 0.8865, 0.8879, and 0.8896. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8810 and the daily 20EMA bullish at 0.8830. Hourly RSI is bearish at 44.