10 Jun 2013
USD/CHF cannot regain 0.9400 level
FXstreet.com (Barcelona) - The USD/CHF exchange rate retreated off its overnight highs (0.9411), having been unable to regain the 0.9400 region during European trading Monday.
In terms of economic data, earlier today in the EMU, the Sentix Confidence (June) came in at -11.6, missing expectations of -10.0, and compared with a figure of -15.6 in May.
In these moments, the pair is trading at 0.9370/75, or +0.03% above it’s opening. Should these gains continue to build, Mataf.net analysts identify the next short-term resistances at 0.9400, then 0.9451, and finally 0.9527. Meanwhile, support lies below at 0.9273, ahead of 0.9197, and 0.9245.
Weekly upside limited
According to the Technical Analyst Team at ICN.com, “The USD/CHF failed to stabilize below the ascending key support level and is currently trying to stabilize above 23.6% correction at 0.9370 levels, which might trigger an upside move at the beginning of this week. Failing to breach 0.9460 levels and stabilizing above it keeps the upside move limited.
In terms of economic data, earlier today in the EMU, the Sentix Confidence (June) came in at -11.6, missing expectations of -10.0, and compared with a figure of -15.6 in May.
In these moments, the pair is trading at 0.9370/75, or +0.03% above it’s opening. Should these gains continue to build, Mataf.net analysts identify the next short-term resistances at 0.9400, then 0.9451, and finally 0.9527. Meanwhile, support lies below at 0.9273, ahead of 0.9197, and 0.9245.
Weekly upside limited
According to the Technical Analyst Team at ICN.com, “The USD/CHF failed to stabilize below the ascending key support level and is currently trying to stabilize above 23.6% correction at 0.9370 levels, which might trigger an upside move at the beginning of this week. Failing to breach 0.9460 levels and stabilizing above it keeps the upside move limited.