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3 Apr 2014
USD/CHF joins the party and jumps to 5-week high at 0.8910
FXStreet (San Francisco) - The US dollar is rallying against the Swiss Franc as the pair is joining its negative correlation with the EUR/USD that is falling apart to 1.3710. The USD/CHF jumped around 65 pips from 0.8840 to break above 0.8900 and reach fresh highest since February 27 at 0.8910.
Currently, USD/CHF is trading at 0.8901, up 0.43% on the day, having posted a daily high at 0.8912 and low at 0.8843. Spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
RSI is in neutral territory at 76.60, up from it’s last hourly close at 71.77, while ADX is ranging above 30 at 13.96, down from 25.27 at the last hourly close.
Levels to watch
Spot is presently trading at 0.8901, and next resistance can be seen at 0.8910 (Daily High), 0.8918 (Weekly Classic R1) and 0.8951 (Daily 100 SMA).
Next support to the downside can be found at 0.8877 (Monthly High), 0.8876 (Yesterday's High), 0.8871 (Hourly 20 EMA) and 0.8870 (Weekly High).
Currently, USD/CHF is trading at 0.8901, up 0.43% on the day, having posted a daily high at 0.8912 and low at 0.8843. Spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
RSI is in neutral territory at 76.60, up from it’s last hourly close at 71.77, while ADX is ranging above 30 at 13.96, down from 25.27 at the last hourly close.
Levels to watch
Spot is presently trading at 0.8901, and next resistance can be seen at 0.8910 (Daily High), 0.8918 (Weekly Classic R1) and 0.8951 (Daily 100 SMA).
Next support to the downside can be found at 0.8877 (Monthly High), 0.8876 (Yesterday's High), 0.8871 (Hourly 20 EMA) and 0.8870 (Weekly High).