Everybody does not love USD/CHF

By FXstreet.com | August 08, 2014 AAA

FXStreet (Moscow) - USD/CHF opened the day at 0.9087, slid to 0.9045 weekly low, but rebounded to 0.9060 area at the moment/



Market stopped loving



The pair was not able to recover yesterday even on better than expected US Jobless Claims data, and reached 0.9090 area by the end of the day. Today everything depends on the market sentiment, and positioning before the weekend. And as we see, the market kind of stopped loving USD on Wednesday, and keeps selling it today pushing to weekly low at 0.9045. The next target to the downside may lie at 0.9028.



What are today’s key USD/CHF levels?



Today's central pivot point can be found at 0.9087 with support below at 0.9068, 0.9047 and 0.9028, with resistance above at 0.9108, 0.9127, and 0.9148. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.9078 and the daily 20EMA bullish at 0.9035. Hourly RSI is bearish at 44.



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