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USD/CHF refreshed yearly high at 0.9378

FXStreet (Moscow) - USD/CHF opened the day at 0.9354, touched 0.9378 yearly high in Asia, before retreating to current levels at 0.9361.

Renewed vigour

The market absolutely forgot about the recent NFP disappointments, and rushed to buy USD with renewed vigour. The recent USD/JPY moves only inspired the bulls, supporting the USD/CHF rise to 0.9378 high not seen from September, 2013. It looks like the pair is in strong uptrend move with new highs in store. The next area of resistance may be found around 0.9393.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9340 with support below at 0.9321, 0.9287 and 0.9268, with resistance above at 0.9374, 0.9393, and 0.9427. Hourly Moving Averages are bullish, with the 200SMA at 0.9225 and the daily 20EMA bullish at 0.9181. Hourly RSI is bullish at 68.

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