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Forex pairs in this Article » USD/CHF
FXstreet.com (Moscow) - USD/CHF peaked at 0.9047 overnight, and is drifting lower during Asian morning, reaching 0.9029 at the moment.

USD/CHF‘s got to see the correction

USD/CHF has been especially artistic recently, showing broad moves in different directions. But in the end of the day, it looks like the pair reached its low back in December, and entered the uptrend. Yesterday’s 100-pip move up was exaggerated, though, thus the possibility of mild correction lower is not ruled out. In this case the initial support will be at 0.9009. The upside is limited by resistance level at 0.9077.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9009 with support below at 0.8969 (S1), 0.8901 (S2) and 0.8861 (S3), with resistance above at 0.9077 (R1), 0.9117, and 0.9185 (R3). Hourly Moving Averages are largely bullish, with the 200SMA at 0.9022 and the daily 20EMA flat at 0.9015. Hourly RSI is neutral at 58.
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