18 Jul 2014
USD/CHF shows the ‘euro twin’ behavior
FXStreet (Moscow) - USD/CHF opened the day at 0.8971, and spend the whole morning within 10-pip range.
Waiting for American sessions
The pair did react to the air crash, however, the move was quite moderate, as the Swissy is gradually changing its ‘risk-off’ nature to the ‘euro twin’ behavior. Since the single currency chose to stay calm, the Swiss currency followed the move. Today we may get some more economic data during American session with Reuters/Michigan Consumer Sentiment Index on tap. The upside may be limited by 0.8985 resistance, and the downside – by 0.8958 support.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8977 with support below at 0.8966, 0.8958, and 0.8947, with resistance above at 0.8985, 0.8996, and 0.9004. Hourly Moving Averages are bullish, with the 200SMA at 0.8940 and the daily 20EMA bullish at 0.8939. Hourly RSI is bullish at 50.
Waiting for American sessions
The pair did react to the air crash, however, the move was quite moderate, as the Swissy is gradually changing its ‘risk-off’ nature to the ‘euro twin’ behavior. Since the single currency chose to stay calm, the Swiss currency followed the move. Today we may get some more economic data during American session with Reuters/Michigan Consumer Sentiment Index on tap. The upside may be limited by 0.8985 resistance, and the downside – by 0.8958 support.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8977 with support below at 0.8966, 0.8958, and 0.8947, with resistance above at 0.8985, 0.8996, and 0.9004. Hourly Moving Averages are bullish, with the 200SMA at 0.8940 and the daily 20EMA bullish at 0.8939. Hourly RSI is bullish at 50.