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14 May 2014
USD/CHF is still working on 0.89 resistance
FXStreet (Moscow) - USD/CHF opened the day at 0.8899, moved higher to 0.8907, but soon returned back to 0.8890 area.
New milestones ahead
Despite the weaker than expected US Retail sales, the pair managed to move further up refreshing monthly high at 0.8907 yesterday. The further rise of the pair is not ruled out, given the weakness of the Euro which pressures the Swissy as well. The scheduled for release US PPI data may be of interest as it will show the inflation at producer level. Stronger than expected numbers may mean we will see rise of CPI readings in two-three month period. If so, the next target to the upside is at 0.8920 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8891 with support below at 0.8873, 0.8844, and 0.8826, with resistance above at 0.8920, 0.8938, and 0.8967. Hourly Moving Averages are mixed, with the 200SMA at 0.8807 and the daily 20EMA bullish at 0.8823. Hourly RSI is bearish at 49.
New milestones ahead
Despite the weaker than expected US Retail sales, the pair managed to move further up refreshing monthly high at 0.8907 yesterday. The further rise of the pair is not ruled out, given the weakness of the Euro which pressures the Swissy as well. The scheduled for release US PPI data may be of interest as it will show the inflation at producer level. Stronger than expected numbers may mean we will see rise of CPI readings in two-three month period. If so, the next target to the upside is at 0.8920 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8891 with support below at 0.8873, 0.8844, and 0.8826, with resistance above at 0.8920, 0.8938, and 0.8967. Hourly Moving Averages are mixed, with the 200SMA at 0.8807 and the daily 20EMA bullish at 0.8823. Hourly RSI is bearish at 49.