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6 Aug 2013
USD/CHF supported 0.9260
FXstreet.com (Barcelona) - USD/CHF is a quite play today fluctuating in a 20 pip range as we head into the opening hours of the NA shift.
Today on the event side of things we had a little bit of US data starting out with the trade balance that came in -$34.22B and better than the -$43.10B number the market had been expecting. Up next we had Redbook Index (YoY) 3.7% and 1.0% (MoM) (Jul 28). These had little effect on the pair although were slightly up on previous readings.28). For Switzerland tomorrow, we will see the SECO Consumer Climate (3m) (Q3) along with Currency Reserves and CPI.
USD/CHF remains below pivot 0.9293
USD/CHF is sidelined below the pivot 0.9293. The 20d ma 0.9370, 50 d ma 0.9393, 200 d ma 0.9359. RSI (9) reads 38.02. Supports are ascending from 0.9130, 0.9176, 0.9226, 0.9246 while spot is currently trading at 0.9271. Resistances are 0.9280, 0.9310, 0.9333 and 0.9395.
Today on the event side of things we had a little bit of US data starting out with the trade balance that came in -$34.22B and better than the -$43.10B number the market had been expecting. Up next we had Redbook Index (YoY) 3.7% and 1.0% (MoM) (Jul 28). These had little effect on the pair although were slightly up on previous readings.28). For Switzerland tomorrow, we will see the SECO Consumer Climate (3m) (Q3) along with Currency Reserves and CPI.
USD/CHF remains below pivot 0.9293
USD/CHF is sidelined below the pivot 0.9293. The 20d ma 0.9370, 50 d ma 0.9393, 200 d ma 0.9359. RSI (9) reads 38.02. Supports are ascending from 0.9130, 0.9176, 0.9226, 0.9246 while spot is currently trading at 0.9271. Resistances are 0.9280, 0.9310, 0.9333 and 0.9395.