24 Jun 2013
USD/CHF sitting on 0.9340/50 range
FXstreet.com (London) - USD/CHF is quiet amongst a non-event calendar data wise so far today, awaiting US economic news coming up.
USD/CHF is 100 pips higher up that Friday on a broad based dollar rally while Us yields are increasing, attracting investor to the greenback and dollar denominated assets. The pair awaits the Chicago Fed National Activity for May coming up and Dallas Fed Manufacturing Business Index for June which arrives later on in the afternoon at 2.30GMT
USD/CHF looking bullish
Karen Jones, Analyst at Commerzbank, said that they suspect that we will see a move towards 0.9380 then 0.9455. She said that for this to be regarded as more than a correction, rallies will need to regain 0.9484 (50% Fibonacci retracement) to alleviate immediate downside pressure.
USD/CHF is 100 pips higher up that Friday on a broad based dollar rally while Us yields are increasing, attracting investor to the greenback and dollar denominated assets. The pair awaits the Chicago Fed National Activity for May coming up and Dallas Fed Manufacturing Business Index for June which arrives later on in the afternoon at 2.30GMT
USD/CHF looking bullish
Karen Jones, Analyst at Commerzbank, said that they suspect that we will see a move towards 0.9380 then 0.9455. She said that for this to be regarded as more than a correction, rallies will need to regain 0.9484 (50% Fibonacci retracement) to alleviate immediate downside pressure.