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24 Feb 2014
USD/CHF is struggling with 0.8870 support area
FXStreet (Moscow) - USD/CHF started the day at 0.8872 and spent the whole morning trying to cross it below, though failed to succeed by the moment trading at 0.8868.
USD/CHF is working hard
The pair reached 0.8866 low on Friday, and is still working on the nearest support area around that level. The Ukrainian tensions will keep demand for the Swissy for the time being, and any positive news from the European data may be that very catalyst for the break below with initial target at 0.8838.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8885 with support below at 0.8858, 0.8838, and 0.8811, with resistance above at 0.8905, 0.8932, and 0.8952. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8921 and the daily 20EMA bearish at 0.8953. Hourly RSI is neutral at 40.
USD/CHF is working hard
The pair reached 0.8866 low on Friday, and is still working on the nearest support area around that level. The Ukrainian tensions will keep demand for the Swissy for the time being, and any positive news from the European data may be that very catalyst for the break below with initial target at 0.8838.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8885 with support below at 0.8858, 0.8838, and 0.8811, with resistance above at 0.8905, 0.8932, and 0.8952. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8921 and the daily 20EMA bearish at 0.8953. Hourly RSI is neutral at 40.