USD/CHF ignores Moody’s cut, sits at 0.9085

By FXstreet.com | Updated July 31, 2014 AAA

FXStreet (Moscow) - USD/CHF opened the day at 0.9085, practically not moving even on the news Moodys cuts its outlook for Swiss banking system to negative from stable.



Bets are high



The pair now is working on January highs, as the released yesterday US GDP report helped the pair come closer to 0.91 area of resistance. Today the focus is turning to American Labor data as Non-Farm Payrolls readings are looming. In order to position before the Friday release, we must take into consideration weaker than expected ADP data from private sector, and released tonight Jobless Claims report. The bets are high now, so only much stronger data from the USA may help the pair to move higher.



What are today’s key USD/CHF levels?



Today's central pivot point can be found at 0.9087 with support below at 0.9065, 0.9043 and 0.9021, with resistance above at 0.9109, 0.9131, and 0.9153. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.9032 and the daily 20EMA bullish at 0.8998. Hourly RSI is bullish at 56.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Stay short USD/CHF – JP Morgan

  2. Forex News

    USD/CHF lifted around 0.9560

  3. Forex News

    USD/CHF Technical Analysis: Treading Water Below 0.95

  4. Forex News

    USD/CHF upside rebound likely – SG

  5. Forex News

    Investors still buying CHF despite intervention threat – Growth Aces

Trading Center