27 Jun 2013
USD/CHF continues uptrend
FXstreet.com (London) - USD/CHF is resuming it’s uptrend after dropping 20 pips earlier on in the session, much prior to US data.
USD/CHF on data
Personal Income was slightly up 0.5% vrs 0.2% expectations and 0.1% previous while initial jobless Claims for the week 346k vrs 345k expected and Continuing Claims were coming in worse by 15,000. The pair has continued to rise moderately with higher lows on the 5 minute candles after some jittery price action on the release.
USD/CHF keeps its shape
USD/CHF remains in a constructive mode and keeps the shape which Karen Jones at Commerzbank eluded to. She suggests that rallies will need to regain 0.9568 (March high and 61.8% Fibonacci retracement) to alleviate immediate downside pressure and this is now looking more likely but dips should find interim support at 0.9242/.9176 ahead of .9130.
USD/CHF on data
Personal Income was slightly up 0.5% vrs 0.2% expectations and 0.1% previous while initial jobless Claims for the week 346k vrs 345k expected and Continuing Claims were coming in worse by 15,000. The pair has continued to rise moderately with higher lows on the 5 minute candles after some jittery price action on the release.
USD/CHF keeps its shape
USD/CHF remains in a constructive mode and keeps the shape which Karen Jones at Commerzbank eluded to. She suggests that rallies will need to regain 0.9568 (March high and 61.8% Fibonacci retracement) to alleviate immediate downside pressure and this is now looking more likely but dips should find interim support at 0.9242/.9176 ahead of .9130.