13 May 2015
USD/CHF drops below 0.9200
FXStreet (Córdoba) - USD/CHF weakened after the release of the US retail sales report for April and dropped further afterwards breaking below 0.9200. The pair reached a 6-day low at 0.9163 and currently trades at 0.9175, 125 pips below yesterday’s closing price.
The US Commerce Department reported that retail sales were unchanged in April; analysts were expecting an increase of 0.2%; the annual rate dropped to 0.9%, the lowest level since November 2009.
Greenback weakened across the board after the report pushing USD/CHF to the downside. The Swiss franc is also rising versus the pound and remains flat against the euro.
USD/CHF technical level
If the pair keeps falling, potential support levels are seen at 0.9150, 0.9110 (May 6 low) and 0.9070/75 (May 7 low). On the opposite direction, resistance could be located at 0.9210 (May 12 low), 0.9260 (hourly 20-SMA) and 0.9300.
The US Commerce Department reported that retail sales were unchanged in April; analysts were expecting an increase of 0.2%; the annual rate dropped to 0.9%, the lowest level since November 2009.
Greenback weakened across the board after the report pushing USD/CHF to the downside. The Swiss franc is also rising versus the pound and remains flat against the euro.
USD/CHF technical level
If the pair keeps falling, potential support levels are seen at 0.9150, 0.9110 (May 6 low) and 0.9070/75 (May 7 low). On the opposite direction, resistance could be located at 0.9210 (May 12 low), 0.9260 (hourly 20-SMA) and 0.9300.