Back
26 Jun 2013
USD/CHF recovers after breaks out through support
FXstreet.com (London) - USD/CHF had been supported at 0.9410 having been climbing higher throughout European markets to reach a high of 0.9426 from 0.9372.
However, USD/CHF has moved sharply lower through support after Personal Consumption Expenditures and The Real (Core) Personal Consumption Expenditure came in line, while the key data in focus, The Gross Domestic Product annualised, came in worse at 1.8% against 2.4% expected.
USD/CHF finds support 0.9380/90
USD/CHF has attracted bids below the figure to climb back towards 0.9405 handle and regardless of the hit, the pair remain in bullish territory. 0.9340 acts as next key support while the pair continue to target 0.9460 on the upside.
However, USD/CHF has moved sharply lower through support after Personal Consumption Expenditures and The Real (Core) Personal Consumption Expenditure came in line, while the key data in focus, The Gross Domestic Product annualised, came in worse at 1.8% against 2.4% expected.
USD/CHF finds support 0.9380/90
USD/CHF has attracted bids below the figure to climb back towards 0.9405 handle and regardless of the hit, the pair remain in bullish territory. 0.9340 acts as next key support while the pair continue to target 0.9460 on the upside.