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19 Mar 2014
USD/CHF soars to penetrate 0.88 handle
FXStreet (Guatemala) - USD/CHF has rallied from below 0.8750 on the release of the Feds decisions and FOMC statement. The Fed also reduced the monthly pace of bond purchases by $10 billion, to $55 billion.
The Federal Reserve explained that they will look at a wide range of data in determining when to raise its benchmark interest rate from zero, dropping a pledge tying borrowing costs to a 6.5 percent unemployment rate. Their assessments, the said, take into account a “wide range of information,” including labour market conditions, inflation expectations and financial markets.
USD/CHF Levels
The 20 DMA is 0.8819, the 50 DMA is 0.8934 and the 200 DMA is 0.9119. RSI (14) reads 83.60. Supports are ascending from 0.8632, 0.8651, 0.8698, 0.8715 and 0.8740. Spot is 0.8801 while key resistances is 0.8805.
The Federal Reserve explained that they will look at a wide range of data in determining when to raise its benchmark interest rate from zero, dropping a pledge tying borrowing costs to a 6.5 percent unemployment rate. Their assessments, the said, take into account a “wide range of information,” including labour market conditions, inflation expectations and financial markets.
USD/CHF Levels
The 20 DMA is 0.8819, the 50 DMA is 0.8934 and the 200 DMA is 0.9119. RSI (14) reads 83.60. Supports are ascending from 0.8632, 0.8651, 0.8698, 0.8715 and 0.8740. Spot is 0.8801 while key resistances is 0.8805.