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11 Jun 2014
USD/CHF - first attack failed, but there were more
FXStreet (Moscow) - USD/CHF opened the day at 0.8990, made an attempt to break above 0.90, and succeeded during the second attack, trading at 0,9005 at the moment.
US data gives no fuel
The swissy continues to “copy-paste” the euro moves, coming under pressure due to recent weakness of the single currency. We could see even stronger moves higher of the pair if it were not for the US data that is scarce, and not exciting. Thus, we may continue to see the pair tracking the euro moves, and if 0.90 resistance breakout confirmed on further weakness of single currency, the next target may be at 0.9033.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8988 with support below at 0.8967, 0.8943, and 0.8922, with resistance above at 0.9012, 0.9033, and 0.9057. Hourly Moving Averages are bullish, with the 200SMA at 0.8965 and the daily 20EMA bearish at 0.8939. Hourly RSI is bullish at 56.
US data gives no fuel
The swissy continues to “copy-paste” the euro moves, coming under pressure due to recent weakness of the single currency. We could see even stronger moves higher of the pair if it were not for the US data that is scarce, and not exciting. Thus, we may continue to see the pair tracking the euro moves, and if 0.90 resistance breakout confirmed on further weakness of single currency, the next target may be at 0.9033.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8988 with support below at 0.8967, 0.8943, and 0.8922, with resistance above at 0.9012, 0.9033, and 0.9057. Hourly Moving Averages are bullish, with the 200SMA at 0.8965 and the daily 20EMA bearish at 0.8939. Hourly RSI is bullish at 56.