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Swissy keeps pressuring USD

FXStreet (Moscow) - USD/CHF opened the day at 0.9565, climbed to 0.96 in early Europe, before retreating to 0.9580 again.

Following Euro

The Swissy follows the steps of the euro, rebounding against the USD within the corrective move. Overbought nature of the USD is another factor of support for the CHF, as market starts to doubt the Fed is ready for earlier than expected rate hike. Scheduled for tonight FOMC minutes release may give more information on the Fed stance, and either help or kill the Swissy recovery.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9584 with support below at 0.9540, followed by 0.9513 and 0.9469, with resistance above at 0.9611, followed by 0.9655, and 0.9682. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.9561 and the daily 20EMA bullish at 0.9465. Hourly RSI is bearish at 43.

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