13 Jan 2014
USD/CHF another leg lower?
FXstreet.com (Guatemala) - USD/CHF continues on the offer after a somewhat perplexing cocktail of a terrible payrolls print mixed with a collapsing unemployment rate on Friday.
USD/CHF was sent tumbling as yields capitulated and the tapering timeline came under scrutiny once more. The pair maintains the 0.90 handle, currently 0.9015 with residual stops around 0.9000. The question now is whether the original plan will be deviated from by the Fed and until there is news one way or another markets are likely to be choppy.
USD/CHF Levels
The 20 DMA is 0.8973, the 50 DMA is 0.9028 and the 200 DMA is 0.9242. RSI (14) reads 53.78. Supports are ascending from 0.8928, 0.8974, 0.8990, 0.9005. Spot is 0.9015 with resistances at 0.9038, 0.9061, 0.9094 and 0.9127.
USD/CHF was sent tumbling as yields capitulated and the tapering timeline came under scrutiny once more. The pair maintains the 0.90 handle, currently 0.9015 with residual stops around 0.9000. The question now is whether the original plan will be deviated from by the Fed and until there is news one way or another markets are likely to be choppy.
USD/CHF Levels
The 20 DMA is 0.8973, the 50 DMA is 0.9028 and the 200 DMA is 0.9242. RSI (14) reads 53.78. Supports are ascending from 0.8928, 0.8974, 0.8990, 0.9005. Spot is 0.9015 with resistances at 0.9038, 0.9061, 0.9094 and 0.9127.