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USD/CHF – the pursuit of happiness and of 0.91

FXStreet (Moscow) - USD/CHF opened the day at 0.9074, spent Asian trades somewhere around, and staged a move up reaching session high at 0.9091 at the moment.

Without particular reason

The pair followed the broad based demand on the USD noted during the European morning. There are no obvious reasons for such a move, as economic calendar is practically empty at the moment with US Retail Sales scheduled for release during the American session. One of the possible explanations of such moves may be the market focus on economic data, as among the majors we see only the pound and the buck trying to rise higher, and the rest currencies stay under pressure. The expectations of stronger US recovery on the back of weaker European data may support the pair onwards with 0.9099 as the next target on the way higher.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9082 with support below at 0.9058, 0.9041 and 0.9017, with resistance above at 0.9099, 0.9123, and 0.9140. Hourly Moving Averages are bullish, with the 200SMA at 0.9077 and the daily 20EMA bullish at 0.9043. Hourly RSI is bullish at 66.

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