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16 Apr 2013
Forex: USD/CHF moves back to 0.9300 barrier
FXstreet.com (Barcelona) - The USD/CHF has held fast following the release of several economic indicators across Europe. With this news the pair has fallen agains, trading at the threshold of the 0.9300 level in these moments. Back to this barrier, the cross is once again trading negatively at -0.17%.
According to Research Analyst Gareth Berry at UBS, “We reiterate out neutral status for the USD/CHF – there is a main support at 0.9230, though only a closing breach here would be a strong bearish development. Resistance is at 0.9340 ahead of 0.9375.”
In the EMU, Consumer Price Index – Core (YoY) has grown +1.5% in March, besting a consensus of +1.4%. Meanwhile, the Consumer Price Index (MoM and YoY) has climbed +1.2% and +1.7% respectively, matching expectations. Finally, in Germany, the ZEW Survey – Economic Sentiment (April) has revealed 36.3, missing projections of 42.0.
According to Research Analyst Gareth Berry at UBS, “We reiterate out neutral status for the USD/CHF – there is a main support at 0.9230, though only a closing breach here would be a strong bearish development. Resistance is at 0.9340 ahead of 0.9375.”
In the EMU, Consumer Price Index – Core (YoY) has grown +1.5% in March, besting a consensus of +1.4%. Meanwhile, the Consumer Price Index (MoM and YoY) has climbed +1.2% and +1.7% respectively, matching expectations. Finally, in Germany, the ZEW Survey – Economic Sentiment (April) has revealed 36.3, missing projections of 42.0.