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27 Mar 2014
Purposeful USD/CHF shows the 4th attack of 0.8870
FXStreet (Moscow) - USD/CHF shows the 4th attempt to break above 0.8870 resistance during the last week, reaching 0.8868 high by the moment.
US data may help the move
Although the pair failed to break above the resistance area around 0.8870 again yesterday, it doesn’t give the idea, and reached 0.8868 high by the moment. Yesterday the risk aversion was one of the reasons of failure, though not the major. The move higher is a hard task so far with a large amount of sellers noted in the mentioned resistance area, nevertheless, the scheduled for tonight US PCE data may become the needed trigger, if come out above expectations. If the pair succeeds, we will see the move higher with initial target at 0.8897.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8848 with support below at 0.8824, 0.8799 and 0.8775, with resistance above at 0.8873, 0.8897, and 0.8922. Hourly Moving Averages are bullish, with the 200SMA at 0.8798 and the daily 20EMA bullish at 0.8820. Hourly RSI is neutral at 57.
US data may help the move
Although the pair failed to break above the resistance area around 0.8870 again yesterday, it doesn’t give the idea, and reached 0.8868 high by the moment. Yesterday the risk aversion was one of the reasons of failure, though not the major. The move higher is a hard task so far with a large amount of sellers noted in the mentioned resistance area, nevertheless, the scheduled for tonight US PCE data may become the needed trigger, if come out above expectations. If the pair succeeds, we will see the move higher with initial target at 0.8897.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8848 with support below at 0.8824, 0.8799 and 0.8775, with resistance above at 0.8873, 0.8897, and 0.8922. Hourly Moving Averages are bullish, with the 200SMA at 0.8798 and the daily 20EMA bullish at 0.8820. Hourly RSI is neutral at 57.