23 Oct 2013
USD/CHF stalled under 0.8950
FXstreet.com (Chicago) - USD/CHF continues extending the sideways movement that started a few hours ago before the closing of Wall Street.
Disappointing data
Asia received NFP data overnight with disappointing results at 148K vs. expected 180K and past 193K. The unemployment rate improved slightly to 7.2% vs. prior and estimated 7.3% while net long-term TIC flows were $8.9B vs. expected $30.9B and past $31B. Wall Street closed with gains ahead another data-driven day for market participants.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.8949 and navigates between supports aligned at 0.89 (January 30th 2012 lows), 0.8850 (July 30th 2011 highs) ahead of 0.8795 (March 8th 2011 lows) and the resistances set at 0.8979 (October 3rd lows), 0.90 (October 18th lows) followed by 0.9043 (May 2nd 2012 lows).
Disappointing data
Asia received NFP data overnight with disappointing results at 148K vs. expected 180K and past 193K. The unemployment rate improved slightly to 7.2% vs. prior and estimated 7.3% while net long-term TIC flows were $8.9B vs. expected $30.9B and past $31B. Wall Street closed with gains ahead another data-driven day for market participants.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.8949 and navigates between supports aligned at 0.89 (January 30th 2012 lows), 0.8850 (July 30th 2011 highs) ahead of 0.8795 (March 8th 2011 lows) and the resistances set at 0.8979 (October 3rd lows), 0.90 (October 18th lows) followed by 0.9043 (May 2nd 2012 lows).