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4 Jun 2014
USD/CHF is treading water around 0.8980
FXStreet (Moscow) - USD/CHF opened the day at 0.8961, posted 0.8981 session high, and retreated to 0.8959 by the moment.
Predicting the NFP
The recent euro strength was the key catalyst of the pair move down which ignored even better than expected US factory orders. A big number of reports scheduled for today may bring additional volatility to the pair. However, today the key may become the American session reports that traditionally help to predict the Non-Farm Payrolls direction. The rise of employment sub index within the Non-Manufacturing ISM report may bring the needed support to the pair with next target at 0.9015 resistance.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8970 with support below at 0.8945, 0.8925, and 0.8900, with resistance above at 0.8990, 0.9015, and 0.9035. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8966 and the daily 20EMA bullish at 0.8926. Hourly RSI is bullish at 58.
Predicting the NFP
The recent euro strength was the key catalyst of the pair move down which ignored even better than expected US factory orders. A big number of reports scheduled for today may bring additional volatility to the pair. However, today the key may become the American session reports that traditionally help to predict the Non-Farm Payrolls direction. The rise of employment sub index within the Non-Manufacturing ISM report may bring the needed support to the pair with next target at 0.9015 resistance.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8970 with support below at 0.8945, 0.8925, and 0.8900, with resistance above at 0.8990, 0.9015, and 0.9035. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8966 and the daily 20EMA bullish at 0.8926. Hourly RSI is bullish at 58.