27 Sep 2013
USD/CHF drifting ahead of a final move lower; support 0.9016
FXstreet.com (Barcelona) - Data due out Friday should move the USD/CHF in one direction or another. Unless 0.9137 is eclipsed on the upside by USD/CHF, technicians are holding firm that a move down to 0.9016 will likely be tested.
USD/CHF traders will have plenty to digest Friday
USD/CHF traders will get to react to Swiss Leading Indicators at 07:00 GMT this morning. Later in the day, they will focus on US data flow which will include personal income, consumption and spending data, the University of Michigan Consumer Confidence Survey as well as multiple “Fed Head” speeches.
Technical outlook for USD/CHF
Technicians say USD/CHF is most likely going to make its way down to the 0.9016 (once it peaks at resistance) before this macro down move is over. The short-term support comes in at Wednesday’s low of 0.9077. Short-term resistance comes in at 0.9137 and is backed up by 0.9158.
USD/CHF traders will have plenty to digest Friday
USD/CHF traders will get to react to Swiss Leading Indicators at 07:00 GMT this morning. Later in the day, they will focus on US data flow which will include personal income, consumption and spending data, the University of Michigan Consumer Confidence Survey as well as multiple “Fed Head” speeches.
Technical outlook for USD/CHF
Technicians say USD/CHF is most likely going to make its way down to the 0.9016 (once it peaks at resistance) before this macro down move is over. The short-term support comes in at Wednesday’s low of 0.9077. Short-term resistance comes in at 0.9137 and is backed up by 0.9158.