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10 Feb 2015
USD/CHF hovering over 0.9250
FXStreet (Edinburgh) - The greenback is advancing marginally vs. the Swiss franc on Tuesday, taking USD/CHF to the mid-0.9200s so far.
USD/CHF indifferent after Swiss data
The pair kept the composure after consumer prices gauged by the CPI contracted less than expected during January, 0.4% inter-month and 0.5% over the last twelve months vs. -0.6% and -0.7% forecasted, respectively. Previously, the Swiss jobless rate ticked lower to 3.1% during the same period, although traders largely ignored the release.
In the meantime, the pair seems to have found a comfort zone just around 0.9240/50, as shown by the sideline pattern since the start of February.
USD/CHF relevant levels
The pair is now up 0.03% at 0.9243 with the next up barrier at 0.9304 (200-d MA) ahead of 0.9312 (high Feb.5) and then 0.9347 (high Feb.2). On the flip side, a break below 0.9200 (psychological level) would expose 0.9170 (low Jan.30) and finally 0.9046 (low Jan.29).
USD/CHF indifferent after Swiss data
The pair kept the composure after consumer prices gauged by the CPI contracted less than expected during January, 0.4% inter-month and 0.5% over the last twelve months vs. -0.6% and -0.7% forecasted, respectively. Previously, the Swiss jobless rate ticked lower to 3.1% during the same period, although traders largely ignored the release.
In the meantime, the pair seems to have found a comfort zone just around 0.9240/50, as shown by the sideline pattern since the start of February.
USD/CHF relevant levels
The pair is now up 0.03% at 0.9243 with the next up barrier at 0.9304 (200-d MA) ahead of 0.9312 (high Feb.5) and then 0.9347 (high Feb.2). On the flip side, a break below 0.9200 (psychological level) would expose 0.9170 (low Jan.30) and finally 0.9046 (low Jan.29).