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9 Aug 2013
USD/CHF climbs into European open
FXstreet.com (Barcelona) - Having traded within a tight overnight range, capped at 0.9200, and unaffected by the Australian and Chinese events, USD/CHF is attempting to climb into the European morning.
At the overnight RBA meeting, the central bank lowered its growth outlook while Chinese data was largely better than expected, boosting global risk sentiment. Nevertheless, USD/CHF has been largely unaffected, and despite a dip lower pre open, USD/CHF looks focused on breaking the double resistance level of the daily pivot and psychologically round number at 0.9200-0.9203. Aside from UK data, the European docket looks light on events of interest ahead. Sptot is currently trading at 0.9208.
USD/CHF slightly bullish?
The FXstreet.com Trend Index is showing USD/CHF to be slightly bullish. Classic daily pivot point support can be found below at tS1 0.9173, S2 0.9145, S3 0.9115 and resistance above at R1 0.9231, R2 0.9261, R3 0.9289. Hourly oscillatiors are viewing the upside at the moment, with RSI pushing higher at 49, and stochastics at 58.
At the overnight RBA meeting, the central bank lowered its growth outlook while Chinese data was largely better than expected, boosting global risk sentiment. Nevertheless, USD/CHF has been largely unaffected, and despite a dip lower pre open, USD/CHF looks focused on breaking the double resistance level of the daily pivot and psychologically round number at 0.9200-0.9203. Aside from UK data, the European docket looks light on events of interest ahead. Sptot is currently trading at 0.9208.
USD/CHF slightly bullish?
The FXstreet.com Trend Index is showing USD/CHF to be slightly bullish. Classic daily pivot point support can be found below at tS1 0.9173, S2 0.9145, S3 0.9115 and resistance above at R1 0.9231, R2 0.9261, R3 0.9289. Hourly oscillatiors are viewing the upside at the moment, with RSI pushing higher at 49, and stochastics at 58.