Back
28 Mar 2014
USD/CHF - 4th time is a charm!
FXStreet (Moscow) - USD/CHF came closer than ever to breaking above 0.8770 posting 3-week high at 0.8877 by the moment.
US data - still waiting
The pair edging higher in the morning starting the day at 0.8864, and moving up to 0.8877 closer to Europe. The 0.8870 resistance area is still the challenge, and the pair is moving closer to the moment of breakout. We still need to get good catalyst from the USA, and scheduled for American session PCE data may be the one. The number will show the inflation pressure in the country, thus clearing the outlook for further FED decisions. If the PCE deflator is on the rise, it may support the pair with initial target at 0.8895 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8861 with support below at 0.8847, 0.8827 and 0.8813, with resistance above at 0.8881, 0.8895, and 0.8915. Hourly Moving Averages are bullish, with the 200SMA at 0.8814 and the daily 20EMA bullish at 0.8824. Hourly RSI is neutral at 57.
US data - still waiting
The pair edging higher in the morning starting the day at 0.8864, and moving up to 0.8877 closer to Europe. The 0.8870 resistance area is still the challenge, and the pair is moving closer to the moment of breakout. We still need to get good catalyst from the USA, and scheduled for American session PCE data may be the one. The number will show the inflation pressure in the country, thus clearing the outlook for further FED decisions. If the PCE deflator is on the rise, it may support the pair with initial target at 0.8895 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8861 with support below at 0.8847, 0.8827 and 0.8813, with resistance above at 0.8881, 0.8895, and 0.8915. Hourly Moving Averages are bullish, with the 200SMA at 0.8814 and the daily 20EMA bullish at 0.8824. Hourly RSI is neutral at 57.