10 Jan 2014
USD/CHF fresh lows
FXstreet.com (Guatemala) - USD/CHF is making fresh lows post NFP in a continuation of the drop.
A Dovish Draghi sent the EURUSD lower yesterday but that wasn’t a big enough move for USDCHF to break the previous high. EURCHF was heavily offered during yesterday’s session. Overnight has weighed on the pair but ultimately today was all about the US NFP print. Following an abysmal Non Farm Payrolls reading which registered at 74k, against expectations of 196k, and 241k (revised) previous, USD/CHF has plummeted to just shy 0f 0.9020 support.
USD/CHF Levels
The 20 DMA is 0.8966, the 50 DMA is 0.9030 and the 200 DMA is 0.9244. RSI (14) reads 62.33. Next support comes 0.8990. Spot is 0.9016 and resistances are 0.9066, 0.9094, 0.9127, 0.9150 and 0.9165.
A Dovish Draghi sent the EURUSD lower yesterday but that wasn’t a big enough move for USDCHF to break the previous high. EURCHF was heavily offered during yesterday’s session. Overnight has weighed on the pair but ultimately today was all about the US NFP print. Following an abysmal Non Farm Payrolls reading which registered at 74k, against expectations of 196k, and 241k (revised) previous, USD/CHF has plummeted to just shy 0f 0.9020 support.
USD/CHF Levels
The 20 DMA is 0.8966, the 50 DMA is 0.9030 and the 200 DMA is 0.9244. RSI (14) reads 62.33. Next support comes 0.8990. Spot is 0.9016 and resistances are 0.9066, 0.9094, 0.9127, 0.9150 and 0.9165.