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17 May 2013
USD/CHF trading positively at 0.9661/63
FXstreet.com (Barcelona) - The USD/CHF has traded unevenly Friday during European trading, in what has been a relatively muted session – indeed, following some soft economic data in the EMU, the cross is now trading at 0.9661/63.
Technically speaking, the pair is trading positively, up +0.14% at the time of writing. Mataf.net analysts point to resistive means for the USD/CHF at 0.9722, ahead of 0.9788, and ultimately 0.9827. Conversely, a break below the 0.9617 handle will initiate support at 0.9578 and 0.9512.
In the EMU, Construction Output s.a. (MoM) came in at -1.7% in March, compared to -0.3% previously. Moreover, Construction Output w.d.a (YoY) declined -7.9% in March, relative to +1.7% in the previous month.
Technically speaking, the pair is trading positively, up +0.14% at the time of writing. Mataf.net analysts point to resistive means for the USD/CHF at 0.9722, ahead of 0.9788, and ultimately 0.9827. Conversely, a break below the 0.9617 handle will initiate support at 0.9578 and 0.9512.
In the EMU, Construction Output s.a. (MoM) came in at -1.7% in March, compared to -0.3% previously. Moreover, Construction Output w.d.a (YoY) declined -7.9% in March, relative to +1.7% in the previous month.