28 May 2014
USD/CHF reached yesterday’s highs around 0.8980
FXStreet (Moscow) - USD/CHF managed to break above 0.8970 resistance area posting 0.8979 session high by the moment.
The uptrend stays intact so far
The disappointing German data pressured the single currency, and its weakness translated into the Swissy weakness as well. Besides, the released in the morning quarterly GDP readings out of Switzerland came out below expectations, only adding the salt to the wounds. The pair managed to break above 0.8970 area of resistance, and is on the way to yesterday’s highs around 0.8980. The further move up will be not an easy task given the rumored selling interest around 0.90 area, however, if broken, it may bring the pair to next resistance at 0.9034.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8961 with support below at 0.8938, 0.8913, and 0.8890, with resistance above at 0.8986, 0.9009, and 0.9034. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8935 and the daily 20EMA bullish at 0.8895. Hourly RSI is bullish at 59.
The uptrend stays intact so far
The disappointing German data pressured the single currency, and its weakness translated into the Swissy weakness as well. Besides, the released in the morning quarterly GDP readings out of Switzerland came out below expectations, only adding the salt to the wounds. The pair managed to break above 0.8970 area of resistance, and is on the way to yesterday’s highs around 0.8980. The further move up will be not an easy task given the rumored selling interest around 0.90 area, however, if broken, it may bring the pair to next resistance at 0.9034.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8961 with support below at 0.8938, 0.8913, and 0.8890, with resistance above at 0.8986, 0.9009, and 0.9034. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8935 and the daily 20EMA bullish at 0.8895. Hourly RSI is bullish at 59.