8 Apr 2014
USD/CHF feels the force of gravity
FXStreet (Moscow) - USD/CHF is trading at 0.8860, down -0.20% on the day, having posted a daily high at 0.8881 and low at 0.8850.
Where is the bottom?
USD/CHF extended the downside during the European session as the Swiss Frank is supported by positive macroeconomic data and heightened anti-risk sentiments. USD is under pressure across the board, that adds to USD/CHF woes. Obviously, we need to see an improvement of the American stock market development and positive US economic forecasts from IMF to reverse this shor-tern bearish USD trend. From the technical point of view the strong support is seen at 0.8850 with fresh demand on approach, The resistance comes at 0.8870 where a number of important technical levels is clustered (0.8871 (Hourly 200 SMA), 0.8871 (Yesterday's Low), 0.8876 (Hourly 20 EMA)).
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8893 with support below at 0.8857, 0.8835 and 0.8799, with resistance above at 0.8915, 0.8951, and 0.8973. Hourly Moving Averages are mixed, with the 200SMA at 0.8870 and the daily 20EMA bullish at 0.8852. Hourly RSI is bearish at 33.
Where is the bottom?
USD/CHF extended the downside during the European session as the Swiss Frank is supported by positive macroeconomic data and heightened anti-risk sentiments. USD is under pressure across the board, that adds to USD/CHF woes. Obviously, we need to see an improvement of the American stock market development and positive US economic forecasts from IMF to reverse this shor-tern bearish USD trend. From the technical point of view the strong support is seen at 0.8850 with fresh demand on approach, The resistance comes at 0.8870 where a number of important technical levels is clustered (0.8871 (Hourly 200 SMA), 0.8871 (Yesterday's Low), 0.8876 (Hourly 20 EMA)).
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8893 with support below at 0.8857, 0.8835 and 0.8799, with resistance above at 0.8915, 0.8951, and 0.8973. Hourly Moving Averages are mixed, with the 200SMA at 0.8870 and the daily 20EMA bullish at 0.8852. Hourly RSI is bearish at 33.