9 Apr 2014
USD/CHF is a pressured by risk aversive moods
FXStreet (Moscow) - USD/CHF resumed the slide, trading at 0.8829 at the moment on escalation of geopolitical tensions.
And Ukraine again…
As Russian-Ukrainian conflict is still on the wires, now with disputes over gas price and possibility of halting Russian gas export to Europe, it may become another reason for risk aversion. The pair again came back to weekly lows around 0.8830, and if the demand on safe havens increases, wait for the break below with initial target at 0.8810 support level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8845 with support below at 0.8810, 0.8790 and 0.8755, with resistance above at 0.8865, 0.8900, and 0.8920. Hourly Moving Averages are bearish, with the 200SMA at 0.8869 and the daily 20EMA flat at 0.8850. Hourly RSI is bearish at 35.
And Ukraine again…
As Russian-Ukrainian conflict is still on the wires, now with disputes over gas price and possibility of halting Russian gas export to Europe, it may become another reason for risk aversion. The pair again came back to weekly lows around 0.8830, and if the demand on safe havens increases, wait for the break below with initial target at 0.8810 support level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8845 with support below at 0.8810, 0.8790 and 0.8755, with resistance above at 0.8865, 0.8900, and 0.8920. Hourly Moving Averages are bearish, with the 200SMA at 0.8869 and the daily 20EMA flat at 0.8850. Hourly RSI is bearish at 35.