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19 Jun 2013
USD/CHF recovers the 0.9200 barrier
FXstreet.com (New York) - The USD/CHF foreign exchange rate fell off a cliff Tuesday, breaking through support after the release of economic data in the EMU and Germany.
USD/CHF reacts to European data
In Switzerland, the ZEW Survey – Expectations was reported at 2.2 in June, matching expectations. Meanwhile in the EMU, Consutruction Output w.d.a. (YoY) fell -6.6% in April, compared to a figure of -7.3% previously. Finally, Construction Output s.a. (MoM) yielded +2.0% in April, improving from -1.8% previously.
In these moments, the pair is trading at 0.9207, up a mild +0.06% above it’s opening. Technically speaking, Mataf.net analysts identify the next short-term measures of resistance at 0.9251, then 0.9300, and 0.9338. Meanwhile, support lies below at 0.9164, onto 0.9126, and 0.9077.
USD/CHF reacts to European data
In Switzerland, the ZEW Survey – Expectations was reported at 2.2 in June, matching expectations. Meanwhile in the EMU, Consutruction Output w.d.a. (YoY) fell -6.6% in April, compared to a figure of -7.3% previously. Finally, Construction Output s.a. (MoM) yielded +2.0% in April, improving from -1.8% previously.
In these moments, the pair is trading at 0.9207, up a mild +0.06% above it’s opening. Technically speaking, Mataf.net analysts identify the next short-term measures of resistance at 0.9251, then 0.9300, and 0.9338. Meanwhile, support lies below at 0.9164, onto 0.9126, and 0.9077.