12 Feb 2015
USD/CHF hovering around 0.9300
FXStreet (Córdoba) - USD/CHF reached a 1-week high at 0.9312 and it was hovering around 0.9300. The pair continued to make limited price action moves, as it remained sideways moving in a range with support above 0.9160 and resistance around 0.9320.
Despite being able to rise back above 0.9300, the US dollar lost strength as it approached February highs that lie at 0.9345. Greenback and the Swiss franc were among the worst performers during the European session in the currency market.
USD/CHF outlook ahead of data
The pair continues to move under a consolidation move, following the recovery from the dramatic plunge following SNB turmoil. A consolidation significantly above 0.9300 could trigger another US dollar rally.
Traders attention turned to US economic data that will be released at 13:30 GMT, that includes retail sales and jobless claims.
Despite being able to rise back above 0.9300, the US dollar lost strength as it approached February highs that lie at 0.9345. Greenback and the Swiss franc were among the worst performers during the European session in the currency market.
USD/CHF outlook ahead of data
The pair continues to move under a consolidation move, following the recovery from the dramatic plunge following SNB turmoil. A consolidation significantly above 0.9300 could trigger another US dollar rally.
Traders attention turned to US economic data that will be released at 13:30 GMT, that includes retail sales and jobless claims.