30 Oct 2013
USD/CHF eyeing 0.8930/40 support
FXstreet.com (London) - USD/CHF momentum to the downside after highs in the 0.90 handle is slowing.
USD/CHF has dropped from a high of 0.9011 to print a low of 0.8955 while RIS is above 40, indicating that although the momentum is slowing bears can still consider 0.8930/40 support as a target. US ADP might spark some activity intraday, but the real focus is on the FOMC decision tonight. Support now stands at 0.8970 ahead of 0.8930.
USD/CHF Levels
The 20 DMA is 0.9029 the 50 DMA is 0.9148 and the 200 DMA is 0.9322. RSI (14) reads 40.82. Supports are ascending from 0.8914, 0.8925, 0.8940, 0.8965, 0.9003, 0.9050, 0.9064, 0.9098 and 0.9119.
USD/CHF has dropped from a high of 0.9011 to print a low of 0.8955 while RIS is above 40, indicating that although the momentum is slowing bears can still consider 0.8930/40 support as a target. US ADP might spark some activity intraday, but the real focus is on the FOMC decision tonight. Support now stands at 0.8970 ahead of 0.8930.
USD/CHF Levels
The 20 DMA is 0.9029 the 50 DMA is 0.9148 and the 200 DMA is 0.9322. RSI (14) reads 40.82. Supports are ascending from 0.8914, 0.8925, 0.8940, 0.8965, 0.9003, 0.9050, 0.9064, 0.9098 and 0.9119.