FXStreet (Moscow) - USD/CHF opened the day at 0.9064, spent Asian session in quiet consolidations, but slid to 0.9046 low by the moment.

US disappoints

The pair shows three days of lower lows in a row, and it looks like today may also be not an exception. The USD started to lose its popularity when US Retail Sales came below expectations. Yesterday were higher than forecasted Jobless claims, and today the market may focus on Reuters/Michigan Consumer Sentiment Index. Any disappointments from the latter may bring the pair closer to the bottom of the August range with a possibility of breakout in case of significant misses.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9062 with support below at 0.9038, 0.9010 and 0.8986, with resistance above at 0.9090, 0.9114, and 0.9142. Hourly Moving Averages are bearish, with the 200SMA at 0.9077 and the daily 20EMA flat at 0.9048. Hourly RSI is bearish at 39.


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Forex pairs in this Article » USD/CHF

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