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18 Apr 2014
USD/CHF is not far from 0.8830 – I wish I may
FXStreet (Moscow) - USD/CHF opened the day at 0.8830, showed weak attempts to go higher, but retraced to 0.8823 by the moment.
Thin market may help the move
As soon as risk aversion left the market, the USD resumed the move up, supported by better than expected Initial Unemployment Claims released yesterday. The pair is targeting April highs, and Friday may give some opportunities to move higher, as thin market may easily exaggerate the moves. The initial target in this case may be at 0.8854 resistance level, while the downside is limited by 0.8794 support level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8815 with support below at 0.8794, 0.8755, and 0.8734, with resistance above at 0.8854, 0.8875, and 0.8914. Hourly Moving Averages are bullish, with the 200SMA at 0.8806 and the daily 20EMA neutral at 0.8824. Hourly RSI is bullish at 65.
Thin market may help the move
As soon as risk aversion left the market, the USD resumed the move up, supported by better than expected Initial Unemployment Claims released yesterday. The pair is targeting April highs, and Friday may give some opportunities to move higher, as thin market may easily exaggerate the moves. The initial target in this case may be at 0.8854 resistance level, while the downside is limited by 0.8794 support level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8815 with support below at 0.8794, 0.8755, and 0.8734, with resistance above at 0.8854, 0.8875, and 0.8914. Hourly Moving Averages are bullish, with the 200SMA at 0.8806 and the daily 20EMA neutral at 0.8824. Hourly RSI is bullish at 65.