USD/CHF is waiting for US data to refresh February highs

By FXstreet.com | July 30, 2014 AAA

FXStreet (Moscow) - USD/CHF opened the day at 0.9067, and moved higher reaching 0.9078 by the moment.



Who made the input?



The pair came closer to February highs, and both strong USD, and weak Swissy made its input in that move. The recently released Swiss KOF indicator in July came below expectations at 98.1 vs 101.00 forecast, confirming the fears of slower economic growth in Europe. For now, to see new highs refreshed we may only need to get strong ADP and GDP numbers tonight. The next target to the upside may lie at 0.9085.



What are today’s key USD/CHF levels?



Today's central pivot point can be found at 0.9060 with support below at 0.9044, 0.9019 and 0.9003, with resistance above at 0.9085, 0.9101, and 0.9126. Hourly Moving Averages are bullish, with the 200SMA at 0.9019 and the daily 20EMA bullish at 0.8989. Hourly RSI is bullish at 66.



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