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15 May 2014
USD/CHF broke above 0.89, and on the move higher
FXStreet (Moscow) - USD/CHF opened the day at 0.8897, managed to break above 0.89, reaching 0.8936 session high.
Finally did it!
The released yesterday US PPI data didn’t impress the market so much, thus the monthly highs were not refreshed yesterday. However, the stubborn trades somewhere around 0.89 resistance despite the recent USD weakness finally brought the results with monthly high refreshed at 0.8936. Today the American Consumer Price Index is scheduled for release, and this time we may see some market reaction should the numbers surprise to the upside. If so, we may wait for the further move higher with initial target at 0.8960 resistance.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8896 with support below at 0.8885, 0.8872, and 0.8861, with resistance above at 0.8909, 0.8920, and 0.8933. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8818 and the daily 20EMA bullish at 0.8830. Hourly RSI is bullish at 53.
Finally did it!
The released yesterday US PPI data didn’t impress the market so much, thus the monthly highs were not refreshed yesterday. However, the stubborn trades somewhere around 0.89 resistance despite the recent USD weakness finally brought the results with monthly high refreshed at 0.8936. Today the American Consumer Price Index is scheduled for release, and this time we may see some market reaction should the numbers surprise to the upside. If so, we may wait for the further move higher with initial target at 0.8960 resistance.
What are today’s key USD/CHF levels?
Today's central pivot point can be found at 0.8896 with support below at 0.8885, 0.8872, and 0.8861, with resistance above at 0.8909, 0.8920, and 0.8933. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8818 and the daily 20EMA bullish at 0.8830. Hourly RSI is bullish at 53.