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28 Feb 2014
USD/CHF again wants to go below 0.8870
FXStreet (Moscow) - USD/CHF spent the morning in consolidation around 0.8880 level, but in Europe resumed the slide to overnight lows at 0.8870.
Ukraine can help at least Swissy
Despite weaker than expected yesterday’s Swiss GDP data the Swissy was able to resume the rise thanks to risk aversion that captured the financial markets. We still may see further rise of the safe haven currency as the Ukraine is at the verge of something terrible, and civil war is not ruled out. If we see any developments in this direction, wait for another slide of the pair with initial target at 0.8843 support level when 0.8870 is broken.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8892 with support below at 0.8864, 0.8843, and 0.8815, with resistance above at 0.8913, 0.8941, and 0.8962. Hourly Moving Averages are largely neutral, with the 200SMA at 0.8889 and the daily 20EMA bearish at 0.8932. Hourly RSI is neutral at 45.
Ukraine can help at least Swissy
Despite weaker than expected yesterday’s Swiss GDP data the Swissy was able to resume the rise thanks to risk aversion that captured the financial markets. We still may see further rise of the safe haven currency as the Ukraine is at the verge of something terrible, and civil war is not ruled out. If we see any developments in this direction, wait for another slide of the pair with initial target at 0.8843 support level when 0.8870 is broken.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8892 with support below at 0.8864, 0.8843, and 0.8815, with resistance above at 0.8913, 0.8941, and 0.8962. Hourly Moving Averages are largely neutral, with the 200SMA at 0.8889 and the daily 20EMA bearish at 0.8932. Hourly RSI is neutral at 45.