14 Jan 2014
USD/CHF is on the sell-off for the third day in a row
FXstreet.com (Moscow) - USD/CHF was able to break below 0.90 round number support, but during the Asian trades we saw the attempts to recover the losses; now the pair is testing 0.90 as a resistance level.
USD/CHF targets at last year lows
The pair successfully broke below 0.90, and though it is trying to move back, it has all the chances to reach new lows of the year, if US data disappoints again. Today euro zone presents only November industrial production data, and strong reading is expected. However, we don’t expect much market reaction to the report, as the key event is scheduled for American session. If the US retail sales decreased in December, wait for another wave of the pair sell-off with the initial target at 0.8969 support level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9010 with support below at 0.8969 (S1), 0.8946 (S2) and 0.8905 (S3), with resistance above at 0.9033 (R1), 0.9074 (R2), and 0.9097 (R3). Hourly Moving Averages are largely bearish, with the 200SMA at 0.9040 and the daily 20EMA flat at 0.9001. Hourly RSI is neutral at 42.
USD/CHF targets at last year lows
The pair successfully broke below 0.90, and though it is trying to move back, it has all the chances to reach new lows of the year, if US data disappoints again. Today euro zone presents only November industrial production data, and strong reading is expected. However, we don’t expect much market reaction to the report, as the key event is scheduled for American session. If the US retail sales decreased in December, wait for another wave of the pair sell-off with the initial target at 0.8969 support level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.9010 with support below at 0.8969 (S1), 0.8946 (S2) and 0.8905 (S3), with resistance above at 0.9033 (R1), 0.9074 (R2), and 0.9097 (R3). Hourly Moving Averages are largely bearish, with the 200SMA at 0.9040 and the daily 20EMA flat at 0.9001. Hourly RSI is neutral at 42.