14 Oct 2013
USD/CHF picked up for 0.91 handle
FXstreet.com (London) - USD/CHF has climbed higher again to meet the opening price.
USD/CHF has climbed higher again to meet the opening price when the pair took a hit as SNB's Jordan was re-iterating the importance of the EURCHF floor over the weekend. This week sees the17th October and with no resolution out of the US yet, stronger macro effects may take hold. However rate differentials and longer-term flows look to be the prominent drivers of CHF.
USD/CHF Level’s
The 20 DMA is 0.9089, the 50 DMA is 0.9204 and the 200 DMA is 0.9337. RSI (14) reads 54.20. Supports are ascending from 0.9049, 0.9056 ad key 0.9070. Spot is currently 0.9100 while resistances are 0.9138, 0.9150, 0.9185 and 0.9225.
USD/CHF has climbed higher again to meet the opening price when the pair took a hit as SNB's Jordan was re-iterating the importance of the EURCHF floor over the weekend. This week sees the17th October and with no resolution out of the US yet, stronger macro effects may take hold. However rate differentials and longer-term flows look to be the prominent drivers of CHF.
USD/CHF Level’s
The 20 DMA is 0.9089, the 50 DMA is 0.9204 and the 200 DMA is 0.9337. RSI (14) reads 54.20. Supports are ascending from 0.9049, 0.9056 ad key 0.9070. Spot is currently 0.9100 while resistances are 0.9138, 0.9150, 0.9185 and 0.9225.