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13 Mar 2014
The little USD/CHF who did… broke below 0.8740
FXStreet (Moscow) - USD/CHF started the day at 0.8741, and managed to break below posting almost 3.5-year low at 0.8698.
Swissy may go even further
USD/CHF spent Wednesday trying to bounce off from the support line at 0.8740 which represented a key support. The rebound failed, but the break through succeeded, thus paving the way lower with initial support at 0.8699 where the pair is trading for a moment. The further move down may be seen already today with US Retail Sales looming, and with high chances of disappointing numbers due to weather distortions. If the mentioned area is broken, wait for the move lower to 0.8665 area. The upside will now be limited by former support level at 0.8720.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8754 with support below at 0.8720, 0.8699 and 0.8665, with resistance above at 0.8775, 0.8809, and 0.8830. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8810 and the daily 20EMA bearish at 0.8853. Hourly RSI is neutral at 28.
Swissy may go even further
USD/CHF spent Wednesday trying to bounce off from the support line at 0.8740 which represented a key support. The rebound failed, but the break through succeeded, thus paving the way lower with initial support at 0.8699 where the pair is trading for a moment. The further move down may be seen already today with US Retail Sales looming, and with high chances of disappointing numbers due to weather distortions. If the mentioned area is broken, wait for the move lower to 0.8665 area. The upside will now be limited by former support level at 0.8720.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8754 with support below at 0.8720, 0.8699 and 0.8665, with resistance above at 0.8775, 0.8809, and 0.8830. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8810 and the daily 20EMA bearish at 0.8853. Hourly RSI is neutral at 28.