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17 Mar 2014
USD/CHF climbed up to 0.8750 area
FXStreet (Moscow) - USD/CHF follows the USD/JPY path higher thanks to risk-on sentiment; it reached 0.8746 high from 0.8725 at the open.
If politicians act only verbally
Despite the current recovery, the pair is still trading close to 2.5-year lows reminding us that the Swissy is the best safe haven when the financial markets feel nervous. Right now everything will depend on the further development of the relationships between the West and Russia. We haven’t received any clear comments on possible sanctions against Moscow, and if it turns out that the politicians were ready to act only verbally, it may help the pair to show sustainable rally on the sigh of relief. The initial target in this case will be at 0.8756 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8730 with support below at 0.8697, 0.8671 and 0.8638, with resistance above at 0.8756, 0.8789, and 0.8815. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8802 and the daily 20EMA bearish at 0.8832. Hourly RSI is neutral at 59.
If politicians act only verbally
Despite the current recovery, the pair is still trading close to 2.5-year lows reminding us that the Swissy is the best safe haven when the financial markets feel nervous. Right now everything will depend on the further development of the relationships between the West and Russia. We haven’t received any clear comments on possible sanctions against Moscow, and if it turns out that the politicians were ready to act only verbally, it may help the pair to show sustainable rally on the sigh of relief. The initial target in this case will be at 0.8756 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8730 with support below at 0.8697, 0.8671 and 0.8638, with resistance above at 0.8756, 0.8789, and 0.8815. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8802 and the daily 20EMA bearish at 0.8832. Hourly RSI is neutral at 59.