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5 Mar 2014
USD/CHF hesitates at 0.8870
FXStreet (Moscow) - USD/CHF reached 0.8870 resistance area, and hesitates to go higher, trading 0.8865 at the moment.
US Labor market is the key
The pair kept going with mass market interest returned to USD yesterday, but it has lost fuel in the morning bumping into strong resistance area. Today we have a lot of data that may define the further short-term lot of the pair with ADP private sector and Non-Manufacturing ISM reports. Both indicators may help to forecast the looming Non-Farm Payroll report outcome. And if we see more positive arguments for the US labor market recovery, wait for additional demand on the USD with initial target at 0.8895 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8860 with support below at 0.8839, 0.8804, and 0.8783, with resistance above at 0.8895, 0.8916, and 0.8951. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8869 and the daily 20EMA bearish at 0.8907. Hourly RSI is neutral at 67.
US Labor market is the key
The pair kept going with mass market interest returned to USD yesterday, but it has lost fuel in the morning bumping into strong resistance area. Today we have a lot of data that may define the further short-term lot of the pair with ADP private sector and Non-Manufacturing ISM reports. Both indicators may help to forecast the looming Non-Farm Payroll report outcome. And if we see more positive arguments for the US labor market recovery, wait for additional demand on the USD with initial target at 0.8895 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8860 with support below at 0.8839, 0.8804, and 0.8783, with resistance above at 0.8895, 0.8916, and 0.8951. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8869 and the daily 20EMA bearish at 0.8907. Hourly RSI is neutral at 67.