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5 Jun 2014
Swissy strengthens following the euro
FXStreet (Moscow) - USD/CHF opened the day at 0.8970, posted 0.8976 session high, and retreated to 0.8959 by the moment.
SNB will have to react
Although the pair may start to prepare the positions for the Non-Farm Payrolls scheduled for release on Friday, the ECB meeting will be of highest importance for the Swissy. And we already see the currency following the moves of the euro in the morning. The thing is that the SNB will have to react to additional easing of the European central bank in order to keep the Swissy exchange rate under control. Thus, high volatility for the pair is not ruled out for today with support coming at 0.8953, and resistance at 0.8988.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8968 with support below at 0.8953, 0.8933, and 0.8918, with resistance above at 0.8988, 0.9003, and 0.9023. Hourly Moving Averages are flat, with the 200SMA at 0.8968 and the daily 20EMA bullish at 0.8930. Hourly RSI is bearish at 49.
SNB will have to react
Although the pair may start to prepare the positions for the Non-Farm Payrolls scheduled for release on Friday, the ECB meeting will be of highest importance for the Swissy. And we already see the currency following the moves of the euro in the morning. The thing is that the SNB will have to react to additional easing of the European central bank in order to keep the Swissy exchange rate under control. Thus, high volatility for the pair is not ruled out for today with support coming at 0.8953, and resistance at 0.8988.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8968 with support below at 0.8953, 0.8933, and 0.8918, with resistance above at 0.8988, 0.9003, and 0.9023. Hourly Moving Averages are flat, with the 200SMA at 0.8968 and the daily 20EMA bullish at 0.8930. Hourly RSI is bearish at 49.