USD/CHF entrenched in negative territory

FXstreet.com (New York) - The USD/CHF technical pair has been trading sporadically Monday, having oscillated continuously during US trading, whilst easing shortly after.

USD/CHF continues to swing

Presently, the USD/CHF is now operating in negative territory at 0.9342, down -0.31% in these moments. According to the analyst team at Mataf.net, supportive structures will trigger at 0.9281, ahead of 0.9198, and finally 0.9155. Conversely, the pair will face resistance at 0.9407, ahead 0.9450, and eventually 0.9533.

Earlier today in the United States, the Chicago Fed National Activity Index (May), which was reported at -0.3, compared with a figure of -0.52 previously. Moreover, the Dallas Fed Manufacturing Business Index (June) came in at 6.5, climbing from a previous figure of -10.5 in May.

US June Dallas Fed Manufacturing Business Index rises to 6.5 vs -10.5 in May

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GBP/USD failing at the gap

With the pair starting the week at these levels, and failing to break above the gap, requiring closes there, it appears that there is going to be a good case for the bearish trend to resume
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