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Forex pairs in this Article » USD/CHF
FXStreet (Moscow) - USD/CHF after reaching early 0.9029 morning low reversed the move and went higher to 0.9041 at the moment.

USD/CHF again stumbled

USD/CHF is showing another attempt to go higher, and today it may be successful, provided the US data is better than expected. The American labor report is crucial for the future of the FED’s tapering, thus positive surprises from the ADP and ISM numbers are needed for the pair to come closer to 0.91 round level. Pay closer attention to the employment subcomponent of Non-Manufacturing ISM – it is usually a good indicator of the NFP direction. If numbers are better than expected, we may see the move higher with initial target at 0.9069. The downside is limited by the support level at 0.9009.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9036 with support below at 0.9009, 0.8976, and 0.8949, with resistance above at 0.9069, 0.9096, and 0.9129. Hourly Moving Averages are largely bullish, with the 200SMA at 0.9000 and the daily 20EMA flat at 0.9022. Hourly RSI is neutral at 50.
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