3 Feb 2014
USD/CHF shows nervous moves around 0.9053 pivot point
FXstreet.com (Moscow) - USD/CHF is quite active in the morning starting the day at 0.9064, then reaching session high at 0.9081, and sliding to 0.9050 area by the moment of writing.
USD/CHF is targeting recent highs
USD/CHF is still on its way up targeting the recent highs around 0.9155 (January 21 high). This week may prove to be very interesting due to the scheduled meetings of Central Banks, and Non-Farm Payrolls release. The latter may be of higher importance for the pair moves, as the achievement of the targeted 6.5% unemployment rate is rumored. During the whole week we will get some leading indicators of the US labor market state, and each such indicator is a potentially strong trigger of volatility. Today, the Manufacturing ISM is of interest, especially the employment component that may show the further rise of the employed. If so, it may become additional catalyst for the move higher with the initial resistance at 0.9097. The downside is limited by support level at 0.9024
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9053 with support below at 0.9024 (S1), 0.8980 (S2) and 0.8951 (S3), with resistance above at 0.9097 (R1), 0.9126, and 0.9170 (R3). Hourly Moving Averages are largely bullish, with the 200SMA at 0.9014 and the daily 20EMA flat at 0.9020. Hourly RSI is neutral at 63.
USD/CHF is targeting recent highs
USD/CHF is still on its way up targeting the recent highs around 0.9155 (January 21 high). This week may prove to be very interesting due to the scheduled meetings of Central Banks, and Non-Farm Payrolls release. The latter may be of higher importance for the pair moves, as the achievement of the targeted 6.5% unemployment rate is rumored. During the whole week we will get some leading indicators of the US labor market state, and each such indicator is a potentially strong trigger of volatility. Today, the Manufacturing ISM is of interest, especially the employment component that may show the further rise of the employed. If so, it may become additional catalyst for the move higher with the initial resistance at 0.9097. The downside is limited by support level at 0.9024
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9053 with support below at 0.9024 (S1), 0.8980 (S2) and 0.8951 (S3), with resistance above at 0.9097 (R1), 0.9126, and 0.9170 (R3). Hourly Moving Averages are largely bullish, with the 200SMA at 0.9014 and the daily 20EMA flat at 0.9020. Hourly RSI is neutral at 63.