Back
3 Apr 2014
USD/CHF has 0.8870 to work on
FXStreet (Moscow) - USD/CHF came closer to strong resistance at 1.8870, busy with testing it in the morning.
Labor is important
The pair recovered from the recent lows regaining the market interest with Non-Farm Report looming. It’s trading around 1-month high, and more positive news out of the USA may help the USD renew the peaks. Today we will see the Unemployment Claims, and Non-Manufacturing ISM data, and the latter will be of the most importance, as it will help in forecasting the Friday Labor Report results. The employment component of the service sector is a good leading indicator, and if it proves better than expected, the pair may rush higher with initial target at 0.8911 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8853 with support below at 0.8829, 0.8795 and 0.8771, with resistance above at 0.8887, 0.8911, and 0.8945. Hourly Moving Averages are bullish, with the 200SMA at 0.8846 and the daily 20EMA flat at 0.8834. Hourly RSI is neutral at 69.
Labor is important
The pair recovered from the recent lows regaining the market interest with Non-Farm Report looming. It’s trading around 1-month high, and more positive news out of the USA may help the USD renew the peaks. Today we will see the Unemployment Claims, and Non-Manufacturing ISM data, and the latter will be of the most importance, as it will help in forecasting the Friday Labor Report results. The employment component of the service sector is a good leading indicator, and if it proves better than expected, the pair may rush higher with initial target at 0.8911 resistance level.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8853 with support below at 0.8829, 0.8795 and 0.8771, with resistance above at 0.8887, 0.8911, and 0.8945. Hourly Moving Averages are bullish, with the 200SMA at 0.8846 and the daily 20EMA flat at 0.8834. Hourly RSI is neutral at 69.