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25 Feb 2014
USD/CHF is still around 0.8870/60 support area
FXStreet (Moscow) - USD/CHF resumed the descend in Europe reaching 0.8862 low by the moment.
USD/CHF can see a full-blown rebound
The pair reached another two-month low on Monday, but rebounded ever since to 0.89 area. The returning interest to USD, and the stabilized environment in the Ukraine supported the pair rebound. Nevertheless, today the pair resumed the slide, and targeted at 0.8857 support. If broken, it will pave the way to 0.8824. The pair can get no help from data until American session. However, if the scheduled for today US Consumer Confidence surprise to the upside, the pair has all the chances to move higher with initial target at 0.8918 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8885 with support below at 0.8857, 0.8824, and 0.8796, with resistance above at 0.8918, 0.8946, and 0.8979. Hourly Moving Averages are largely neutral, with the 200SMA at 0.8909 and the daily 20EMA bearish at 0.8947. Hourly RSI is neutral at 50.
USD/CHF can see a full-blown rebound
The pair reached another two-month low on Monday, but rebounded ever since to 0.89 area. The returning interest to USD, and the stabilized environment in the Ukraine supported the pair rebound. Nevertheless, today the pair resumed the slide, and targeted at 0.8857 support. If broken, it will pave the way to 0.8824. The pair can get no help from data until American session. However, if the scheduled for today US Consumer Confidence surprise to the upside, the pair has all the chances to move higher with initial target at 0.8918 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8885 with support below at 0.8857, 0.8824, and 0.8796, with resistance above at 0.8918, 0.8946, and 0.8979. Hourly Moving Averages are largely neutral, with the 200SMA at 0.8909 and the daily 20EMA bearish at 0.8947. Hourly RSI is neutral at 50.