7 Apr 2014
USD/CHF - 0.8930 is still unbreakable
FXStreet (Moscow) - ">USD/CHF hardly moved more than 5 pips up and down from the open level at 0.8921.
CPI data may lender support to the Swissy
The pair stays below the long-term 2-month old resistance around 0.8930 area, and the recent mild disappointments from US labor data only complicated the break above for now. Swiss CPI numbers are of interest tonight, as inflation is in focus again all over the world. The price pressure is still weak, but the developments in the housing market make some investors worry about the spill-over effect. If we see the rising numbers, it may trigger new wave of selling for the near-term. The initial target is at 0.8902 support level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8928 with support below at 0.8902, 0.8879 and 0.8853, with resistance above at 0.8951, 0.8977, and 0.9000. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8865 and the daily 20EMA bullish at 0.8849. Hourly RSI is neutral at 50.
CPI data may lender support to the Swissy
The pair stays below the long-term 2-month old resistance around 0.8930 area, and the recent mild disappointments from US labor data only complicated the break above for now. Swiss CPI numbers are of interest tonight, as inflation is in focus again all over the world. The price pressure is still weak, but the developments in the housing market make some investors worry about the spill-over effect. If we see the rising numbers, it may trigger new wave of selling for the near-term. The initial target is at 0.8902 support level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8928 with support below at 0.8902, 0.8879 and 0.8853, with resistance above at 0.8951, 0.8977, and 0.9000. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8865 and the daily 20EMA bullish at 0.8849. Hourly RSI is neutral at 50.