27 Jun 2013
USD/CHF jumps to session highs
FXstreet.com (New York) - The USD/CHF foreign exchange rate received a boost after the release of upbeat US data, surging to fresh session highs during US trading.
USD/CHF clinging to positive gains
At the time of writing, the USD/CHF is trading at 0.9470, up a robust +0.42% above its opening Thursday. According to Research Analyst Gareth Berry at UBS, “There is a strong resistance for the USD/CHF at 0.9484; a closing break above this would be negative opening 0.9568. Meanwhile, support is at 0.9373 ahead of 0.9313, suggesting a neutral intraday outlook.”
In the United States, Pending Home Sales (YoY) came in at +12.1% in May, compared to a result of +10.3% previously. In addition, Pending Home Sales (MoM) were reported at +6.7% in May, beating. projections calling for +1.0%, and compared with a figure of +0.3% previously.
USD/CHF trading above 0.9360 considered positive
According to the Technical Analyst Team at ICN.com, “The USD/CHF is still trading positively and is still stable above 38.2% correction and above its Linear Regression Indicators; as the 34 line is also positive. Therefore, we think that the upside move might extend today as trading above 0.9360 will be considered positive.”
USD/CHF clinging to positive gains
At the time of writing, the USD/CHF is trading at 0.9470, up a robust +0.42% above its opening Thursday. According to Research Analyst Gareth Berry at UBS, “There is a strong resistance for the USD/CHF at 0.9484; a closing break above this would be negative opening 0.9568. Meanwhile, support is at 0.9373 ahead of 0.9313, suggesting a neutral intraday outlook.”
In the United States, Pending Home Sales (YoY) came in at +12.1% in May, compared to a result of +10.3% previously. In addition, Pending Home Sales (MoM) were reported at +6.7% in May, beating. projections calling for +1.0%, and compared with a figure of +0.3% previously.
USD/CHF trading above 0.9360 considered positive
According to the Technical Analyst Team at ICN.com, “The USD/CHF is still trading positively and is still stable above 38.2% correction and above its Linear Regression Indicators; as the 34 line is also positive. Therefore, we think that the upside move might extend today as trading above 0.9360 will be considered positive.”