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2 Apr 2014
USD/CHF is on the move higher, copies EUR/USD moves
FXStreet (Moscow) - USD/CHF rebounded from recent lows to 0.8840 area by the moment.
Swissy - I, I follow…the euro
The support level at 0.8820 again triggered the rebound of the pair sending it to 0.8843 session high at the moment. The weakness of the swissy surprisingly coincided with the sell-off of the euro again, and given the confidence with which EUR/USD moves lower, we may expect the further rally of the pair with initial target at 0.8851 where some sellers’ interest is noted. The absence of any market-moving reports during the European session will make the investors focus on rumors about the Thursday ECB meeting outcome.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8833 with support below at 0.8814, 0.8796 and 0.8777, with resistance above at 0.8851, 0.8870, and 0.8888. Hourly Moving Averages are bearish, with the 200SMA at 0.8843 and the daily 20EMA flat at 0.8830. Hourly RSI is neutral at 40.
Swissy - I, I follow…the euro
The support level at 0.8820 again triggered the rebound of the pair sending it to 0.8843 session high at the moment. The weakness of the swissy surprisingly coincided with the sell-off of the euro again, and given the confidence with which EUR/USD moves lower, we may expect the further rally of the pair with initial target at 0.8851 where some sellers’ interest is noted. The absence of any market-moving reports during the European session will make the investors focus on rumors about the Thursday ECB meeting outcome.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8833 with support below at 0.8814, 0.8796 and 0.8777, with resistance above at 0.8851, 0.8870, and 0.8888. Hourly Moving Averages are bearish, with the 200SMA at 0.8843 and the daily 20EMA flat at 0.8830. Hourly RSI is neutral at 40.