Swissy is copy-pasting the euro moves

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Moscow) - USD/CHF opened the day at 0.8930, reached session high at 0.8948, and it looks like it is going to go further.



Swissy follows the euro



The pair is moving higher even despite the empty economic calendar, closed for Independence Day American markets, and total lack of catalysts. The weakness of the single currency is translated into the weakness of Swissy, and as EUR/USD breaks below 1.36, USD/CHF may position above 0.8950. if done, the next target to the upside may lie at 0.8980.



What are today’s key USD/CHF levels?



Today's central pivot point can be found at 0.8831 with support below at 0.8897, 0.8862, and 0.8838, with resistance above at 0.8956, 0.8980, and 0.9015. Hourly Moving Averages are bullish, with the 200SMA at 0.8913 and the daily 20EMA flat at 0.8929. Hourly RSI is bullish at 63.



Related Forex Analysis
  1. Forex News

    USD/CHF retreats from 0.9670 and erases gains

  2. Forex News

    USD/CHF holds above 0.9600

  3. Forex News

    USD/CHF Technical Analysis: Monthly Uptrend Under Fire

  4. Forex News

    USD/CHF falls toward 0.9600

  5. Forex News

    USD/CHF rebounds at 0.9620

Trading Center