USD / CHF fell on rising franc against USD, together with other European currencies, started the trading session at the level of 0.9410 and retreated to current levels of 0.9385. Reaching new lows is not excluded by the experts. The pair has again overcome the level 0.94 and targeting the 0.9430 mark, reached last Thursday. However, the franc was supported by the recent strengthening of the euro and the pair fell again under the 0.94 mark. In addition, the franc was supported against the decision of the SNB to leave monetary policy unchanged. Even though, the Forex market still prefers the American dollar and new signs of increasing economic growth of the United States can help the pair to resume the growth, but further decline is not excluded at this stage, said the analysts of the Forex Broker Company RVD Markets.
Cross EUR / CHF quietly located within walking distance of 1.2070. Sales by EUR / CHF resemble a sandwich, they are high in Asia at 1.2074 and 1.2068 low now. The pair still behaves sleepily before the opening of trading in Europe. Cross EUR / CHF was able to gain a foothold above the support level of 1.2060 on Friday, 19 September 2014. EUR / CHF has lost about 30 points this week after the SNB did On September 22, 2014, it is expected the speech of the ECB President Draghi. Investors expect him to comment on the poor performance TLTRO, that may have an impact on the dynamics of the euro. On the whole beginning of the week is not very eventful in terms of macro-statistics, so you can see the quiet period of consolidation and trade within the range between the resistance 1.2090 / 1.2100 and 1.2030 support.
Technical analysis
Key levels for the EUR / CHF today are as follows: the central pivot point is located at 1.2070, below 1.2063 support levels are located, 1.2056 and 1.2049, while resistance levels are placed above 1.2077, 1.2084 and 1.2091.Chasovye Moving Averages are mixed, 200SMA rolled down and is located on the 1.2090, the daily 20EMA rolled down and is at 1.2087. Local RSI deployed down and is at 52.
Key levels for USD / CHF are: the central pivot point located at 0.9385, below 0.9357 support levels are located, 0.9306 and 0.9278, while resistance levels are located above 0.9436, 0.9464 and 0.9515. Hourly Moving Averages show mixed results, with 200SMA rolled up and stored in the 0.9358 and day 20EMA rolled up and stored in the 0.9288. Local RSI deployed down and is at 48, mentioned the experts of RVD Markets (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
