5 Nov 2013
USD/CHF moving higher ahead of Swiss data – taking out resistance at 0.9108
FXstreet.com (Barcelona) - With just a couple of hours until the release of Swiss inflation data, the USD/CHF is lifting nicely and portending either low inflation in Switzerland or a bullish set of US data later in the session.
USD/CHF traders to key on Swiss data sooner and US data later
USD/CHF traders will be watching the numbers and the reaction to the numbers when the Swiss CPI data is released at 08:15 GMT. Later, in the US, the US ISM Manufacturing PMI will be released as well.
Technical outlook for USD/CHF
Technicians say the USD/CHF is in bounce mode with a possible ceiling coming into play at Monday’s US session pivot high at 0.9134 with additional resistance coming in at 0.9151. The horizontal line at 0.9044 is the short-term support and is backed up by an additional horizontal line at 0.9007.
USD/CHF traders to key on Swiss data sooner and US data later
USD/CHF traders will be watching the numbers and the reaction to the numbers when the Swiss CPI data is released at 08:15 GMT. Later, in the US, the US ISM Manufacturing PMI will be released as well.
Technical outlook for USD/CHF
Technicians say the USD/CHF is in bounce mode with a possible ceiling coming into play at Monday’s US session pivot high at 0.9134 with additional resistance coming in at 0.9151. The horizontal line at 0.9044 is the short-term support and is backed up by an additional horizontal line at 0.9007.