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16 May 2014
USD/CHF tests 0.89 support to keep the market amused
FXStreet (Moscow) - USD/CHF opened the day at 0.8907, ticked higher before sliding down to session low at 0.8897.
The uptrend stays intact so far
Despite the broad USD weakness, the pair managed to nest above 0.89 yesterday, and even reached February highs at 0.8959. Although the Swissy made an attempt to strengthen to 0.89 area again supported by the demand on the euro, it looks like the uptrend is not exhausted yet. The surge higher may speed up if 0.8960 is broken with the next target at 0.8996 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8918 with support below at 0.8875, 0.8840, and 0.8797, with resistance above at 0.8953, 0.8996, and 0.9031. Hourly Moving Averages are mixed, with the 200SMA at 0.8834 and the daily 20EMA bullish at 0.8838. Hourly RSI is bearish at 45.
The uptrend stays intact so far
Despite the broad USD weakness, the pair managed to nest above 0.89 yesterday, and even reached February highs at 0.8959. Although the Swissy made an attempt to strengthen to 0.89 area again supported by the demand on the euro, it looks like the uptrend is not exhausted yet. The surge higher may speed up if 0.8960 is broken with the next target at 0.8996 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8918 with support below at 0.8875, 0.8840, and 0.8797, with resistance above at 0.8953, 0.8996, and 0.9031. Hourly Moving Averages are mixed, with the 200SMA at 0.8834 and the daily 20EMA bullish at 0.8838. Hourly RSI is bearish at 45.