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USD/CHF testing 0.9100/10 area, new highs ahead

FXStreet (Moscow) - USD/CHF started the day at 0.9091, reached two-week high at 0.9112, but retreated a bit by the moment.

Widening gap

The pair is climbing higher due to broad-based demand on the USD. The recent reports out of the USA support the view the American economy is on the stable path of recovery, while the European economies give mixed signals. The widening gap between the European and American economic data may support the further pair rise with initial target at 0.9120

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9081 with support below at 0.9067, 0.9042 and 0.9028, with resistance above at 0.9120, and 0.9145. Hourly Moving Averages are bullish, with the 200SMA at 0.9069 and the daily 20EMA bullish at 0.9052. Hourly RSI is bullish at 75.

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