USD/CHF rejected at 0.91 handle
FXstreet.com (Guatemala) – USD/CHF wasn’t able to penetrate the 0.91 handle on the first attempt since the decline in December.
USD/CHF is being contained by the descending resistance line from July’s high. The 100 DMA at 0.9090 is proving a tough line to secure for the pair when the unit bounced strongly. The calendar is stacking up to offer an excuse for the bulls to take the unit on should the US continue to offer positive sentiments for a recovery and a continuation of the tapering programme. Eyes on NFP’s and FOMC.
The 20 DMA is 0.8934, the 50 DMA is 0.9026 and the 200 DMA is 0.9249. RSI (14) reads 47.86. Supports are 0.8950, 0.8974, 0.8990, 0.9015, 0.9056, 0.9070. Spot is currently 0.9080 while resistances are 0.9090, 0.9110 and 0.9131.
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