6 Feb 2014
USD/CHF is still on its way up to Monday highs
FXStreet (Moscow) - USD/CHF showed a move higher from the early morning, starting the day at 0,9034 and reaching 0.9049 session high.
USD/CHF again stumbled
The pair now rebounded to 0.9040. It looks like USD/CHF needs to take a breath, and understand what to wait from the coming Non-Farm Payrolls. The released yesterday ADP, and Non-Manufacturing ISM data only complicated the picture sending mixed signals from labor market. It looks like the number of the employed increased below market expectations. Today’s unemployment claims may become a last puzzle to the picture – 4-week average is more interesting as it’s striped of weekly volatility. If numbers are better than expected, we may see the move higher with initial target at 0.9088. The downside is limited by the support level at 0.9006.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9033 with support below at 0.9006, 0.8978, and 0.8951, with resistance above at 0.9061, 0.9088, and 0.9116. Hourly Moving Averages are largely bullish, with the 200SMA at 0.9007 and the daily 20EMA flat at 0.9023. Hourly RSI is neutral at 56.
USD/CHF again stumbled
The pair now rebounded to 0.9040. It looks like USD/CHF needs to take a breath, and understand what to wait from the coming Non-Farm Payrolls. The released yesterday ADP, and Non-Manufacturing ISM data only complicated the picture sending mixed signals from labor market. It looks like the number of the employed increased below market expectations. Today’s unemployment claims may become a last puzzle to the picture – 4-week average is more interesting as it’s striped of weekly volatility. If numbers are better than expected, we may see the move higher with initial target at 0.9088. The downside is limited by the support level at 0.9006.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9033 with support below at 0.9006, 0.8978, and 0.8951, with resistance above at 0.9061, 0.9088, and 0.9116. Hourly Moving Averages are largely bullish, with the 200SMA at 0.9007 and the daily 20EMA flat at 0.9023. Hourly RSI is neutral at 56.