23 Jul 2014
USD/CHF seeks for momentum to resume the rise
FXStreet (Moscow) - USD/CHF opened the day at 0.9021, edged higher to 0.9031, but has not enough momentum to go on risingб and slid to 0.9019 at the moment.
New highs in store
The pair settled above 0.90, and may stay there for the time being given the lack of economic news either from the EMU, and the USA. However, the fears about euro zone economy weakness, and the strengthening price pressure in the USA give the pair all the reasons to go up further. The initial target to the upside may lie at 0.9042 resistance.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9010 with support below at 0.8991, 0.8959 and 0.8940, with resistance above at 0.9042, 0.9061, and 0.9093. Hourly Moving Averages are largely bullish, with the 200SMA bullish at 0.8963 and the daily 20EMA bullish at 0.8954. Hourly RSI is bullish at 68.
New highs in store
The pair settled above 0.90, and may stay there for the time being given the lack of economic news either from the EMU, and the USA. However, the fears about euro zone economy weakness, and the strengthening price pressure in the USA give the pair all the reasons to go up further. The initial target to the upside may lie at 0.9042 resistance.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9010 with support below at 0.8991, 0.8959 and 0.8940, with resistance above at 0.9042, 0.9061, and 0.9093. Hourly Moving Averages are largely bullish, with the 200SMA bullish at 0.8963 and the daily 20EMA bullish at 0.8954. Hourly RSI is bullish at 68.