2 Jun 2014
USD/CHF may have another attack at 0.90
FXStreet (Moscow) - USD/CHF opened the day at 0.8942, posted 0.8984 session high, and is still on the move higher at the moment.
Waiting for ISM
The disappointing US consumer confidence numbers on Friday sent the pair back to 0.8930 area that was not seen from May, 21. However, the Swissy gave up initial gains by the end of trading week, and today the USD resumed the recovery, as the euro and EMU data again pressured the Swiss currency. Another factor of support for the pair may become the scheduled for tonight US Manufacturing ISM. If it comes out above expectations, and employment component will be strong enough to excite the investors, we may see new attacks on 0.8990. If broken, the initial target may be at 0.9008 followed by 0.9031.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8957 with support below at 0.8929, 0.8906, and 0.8878, with resistance above at 0.8980, 0.9008, and 0.9031. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8955 and the daily 20EMA bullish at 0.8915. Hourly RSI is bearish at 44.
Waiting for ISM
The disappointing US consumer confidence numbers on Friday sent the pair back to 0.8930 area that was not seen from May, 21. However, the Swissy gave up initial gains by the end of trading week, and today the USD resumed the recovery, as the euro and EMU data again pressured the Swiss currency. Another factor of support for the pair may become the scheduled for tonight US Manufacturing ISM. If it comes out above expectations, and employment component will be strong enough to excite the investors, we may see new attacks on 0.8990. If broken, the initial target may be at 0.9008 followed by 0.9031.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8957 with support below at 0.8929, 0.8906, and 0.8878, with resistance above at 0.8980, 0.9008, and 0.9031. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8955 and the daily 20EMA bullish at 0.8915. Hourly RSI is bearish at 44.