2 May 2014
USD/CHF is on its way above 0.88
FXStreet (Moscow) - ">USD/CHF opened the day at 0.8791, and gradually moved higher reaching 0.8804 at the moment.
Focus on US data
The almost empty economic calendar of Europe didn’t stop the pair from moving closer to strong resistance area at 0.88, and the busy US economic calendar ahead may help with a breakout. Tonight we will see key Non-Farm Payrolls release, and given the better than expected ADP and Manufacturing ISM results, the possibility of positive employment outcome is quite high. If so, we may see the move above 0.88 with the next target at 0.8822.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8795 with support below at 0.8780, 0.8768, and 0.8753, with resistance above at 0.8807, 0.8822, and 0.8834. Hourly Moving Averages are mixed, with the 200SMA at 0.8819 and the daily 20EMA flat at 0.8821. Hourly RSI is bullish at 56.
Focus on US data
The almost empty economic calendar of Europe didn’t stop the pair from moving closer to strong resistance area at 0.88, and the busy US economic calendar ahead may help with a breakout. Tonight we will see key Non-Farm Payrolls release, and given the better than expected ADP and Manufacturing ISM results, the possibility of positive employment outcome is quite high. If so, we may see the move above 0.88 with the next target at 0.8822.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8795 with support below at 0.8780, 0.8768, and 0.8753, with resistance above at 0.8807, 0.8822, and 0.8834. Hourly Moving Averages are mixed, with the 200SMA at 0.8819 and the daily 20EMA flat at 0.8821. Hourly RSI is bullish at 56.