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17 Oct 2013
USD/CHF attracts support ahead of 0.90 handle
FXstreet.com (London) - USD/CHF dropped after a very short lived spike in the dollar was reversed on realisation that tapering will likely be pushed back.
The move to 0.9180 has since lost 180 pips towards the 0.9000 handle, marking a low of 0.9008. Currently the pair trades 0.9030 spot. The USD has been given some support here on a better Philly. There are now a flood of speeches coming up from Fed members with Fisher, Evans, George and Kocherlakota featuring. Research teams at Danske Bank said, “We will be looking for signs that the tapering decision has now been pushed into 2014 on the back of recent weak data and continued political uncertainty ahead”.
USD/CHF Levels
The 20 DMA is 0.9084, the 50 DMA is 0.9198 and the 200 DMA is 0.9336. RSI (14) reads 55.98. supports are ascending from 0.8968, 0.9000 and 0.9020. Spot is currently 0.9030 while resistances are coming in at 0.9056, 0.9064 0.9094 and 0.9124 before 0.9146/48 the high.
The move to 0.9180 has since lost 180 pips towards the 0.9000 handle, marking a low of 0.9008. Currently the pair trades 0.9030 spot. The USD has been given some support here on a better Philly. There are now a flood of speeches coming up from Fed members with Fisher, Evans, George and Kocherlakota featuring. Research teams at Danske Bank said, “We will be looking for signs that the tapering decision has now been pushed into 2014 on the back of recent weak data and continued political uncertainty ahead”.
USD/CHF Levels
The 20 DMA is 0.9084, the 50 DMA is 0.9198 and the 200 DMA is 0.9336. RSI (14) reads 55.98. supports are ascending from 0.8968, 0.9000 and 0.9020. Spot is currently 0.9030 while resistances are coming in at 0.9056, 0.9064 0.9094 and 0.9124 before 0.9146/48 the high.