Filed Under:
Forex pairs in this Article » EUR/USD, USD/CHF (Moscow) - USD/CHF is trading around 0.9060 area after 70-pip slide from 5-week high at 0.9126 reached this Wednesday.

US report gives USD/CHF good chances

Despite the shy attempts to reach new 2-month highs the pair was not able to do it even on the back of quite positive unemployment claims. Nevertheless, there is last hope we can see the breakout this week – Non-Farm Payrolls. Potentially, the jobs number can be better than expected, and most labor data reports say about that. If the employment level is much higher than forecasted, we’ll see big move with initial target at 0.9109 followed by 0.9147 resistance level.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9086 with support below at 0.9048 (S1), 0.9025 (S2) and 0.8987 (S3), with resistance above at 0.9109 (R1), 0.9147 (R2), and 0.9170 (R3). Hourly Moving Averages are largely bearish, with the 200SMA at 0.9013 and the daily 20EMA bullish at 0.90. Hourly RSI is neutral at 38.
comments powered by Disqus