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28 Feb 2014
USD/CHF oversold RSI (14) 25
FXStreet (Guatemala) - The dollar has benefitted on an overall positive set of data releases from the US economy and the pair dumped from in the 0.8880’s and finally attracting demand through 0.8820 ahead of the 0.88 handle.
The data were as follows: Personal Consumption Expenditures Prices and Core Personal Consumption Expenditures Prices for Q4 Q/Q kicked things off positively for the dollar that beat expectations 1.0% vs 0.7% and 1.3% vs 1.1% respectively. However, the US Q4 GDP disappointed slightly as it only rose 2.4% vs a better expected 2.4%. Chicago PMI which was expected to ease to 56.4 in February from 59.6 in January beat expectations and read as 59.8. Then we had Michigan consumer sentiment at 14.55GMT, which as expected 81.3 but that came in as 81.6. Pending home sales disappointed -0.9
USD/CHF Levels
The 20 DMA is 0.8947, the 50 DMA is 0.8984 and the 200 DMA is 0.9166. RSI (14) reads 25.13. Spot is 0.8802.
The data were as follows: Personal Consumption Expenditures Prices and Core Personal Consumption Expenditures Prices for Q4 Q/Q kicked things off positively for the dollar that beat expectations 1.0% vs 0.7% and 1.3% vs 1.1% respectively. However, the US Q4 GDP disappointed slightly as it only rose 2.4% vs a better expected 2.4%. Chicago PMI which was expected to ease to 56.4 in February from 59.6 in January beat expectations and read as 59.8. Then we had Michigan consumer sentiment at 14.55GMT, which as expected 81.3 but that came in as 81.6. Pending home sales disappointed -0.9
USD/CHF Levels
The 20 DMA is 0.8947, the 50 DMA is 0.8984 and the 200 DMA is 0.9166. RSI (14) reads 25.13. Spot is 0.8802.