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16 Apr 2014
USD/CHF reached 0.8780 and turned around
FXStreet (Moscow) - USD/CHF started the day at 0.8799, spent some time walking around, and slid to 0.8780 area by the moment.
The two scales hang even
The pair consolidated around 0.88 area during Asian trades, as two contradictory forces affected the demand on the pair. First, it’s risk aversion fueled by military actions in the south-east of Ukraine. And second, it’s the demand on the USD due to better than expected fundamentals. The two scales hang even for some time in the morning, but the rising interest to USD helped the Swissy, fueling its move to 0.8780 by the moment. Nevertheless, the weaker than expected Credit Suisse ZEW Survey (Expectations) put a barrier on the way to 0.8764, and the turnaround at the moment is not ruled out with next target at 0.88 again.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8801 with support below at 0.8783, 0.8764, and 0.8746, with resistance above at 0.8820, 0.8838, and 0.8857. Hourly Moving Averages are mixed, with the 200SMA at 0.8831 and the daily 20EMA bearish at 0.8824. Hourly RSI is bullish at 52.
The two scales hang even
The pair consolidated around 0.88 area during Asian trades, as two contradictory forces affected the demand on the pair. First, it’s risk aversion fueled by military actions in the south-east of Ukraine. And second, it’s the demand on the USD due to better than expected fundamentals. The two scales hang even for some time in the morning, but the rising interest to USD helped the Swissy, fueling its move to 0.8780 by the moment. Nevertheless, the weaker than expected Credit Suisse ZEW Survey (Expectations) put a barrier on the way to 0.8764, and the turnaround at the moment is not ruled out with next target at 0.88 again.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8801 with support below at 0.8783, 0.8764, and 0.8746, with resistance above at 0.8820, 0.8838, and 0.8857. Hourly Moving Averages are mixed, with the 200SMA at 0.8831 and the daily 20EMA bearish at 0.8824. Hourly RSI is bullish at 52.