18 Jul 2013
USD/CHF high 0.9463
FXstreet.com (Barcelona) - USD/CHF has reached a high if 0.9463 so far, having been climbing throughout the London session.
USD/CHF has walked from a low of 0.9405 and has 0.9470/80 resistance in its sights after the release of US Initial Jobless Claims (Jul 12) just came in at 334k against a consensus of 345K and continuing Jobless Claims (Jul6) increased to 3.114M from 3.023m and a consensus of 2.959m. We also have day two of Bernanke’s testimony as he presents to the Senate following his House appearance yesterday.
USD/CHF testing higher
Karen Jones, Chief Analyst at Commerzbank said USD/CHF rallies will need to regain the 0.9568 March high in order to alleviate immediate downside pressure and retarget the 0.9753 July high. She said any erosion of the 0.9358 200 day ma would provoke another step down to the 0.9269/78.6% retracement.
USD/CHF has walked from a low of 0.9405 and has 0.9470/80 resistance in its sights after the release of US Initial Jobless Claims (Jul 12) just came in at 334k against a consensus of 345K and continuing Jobless Claims (Jul6) increased to 3.114M from 3.023m and a consensus of 2.959m. We also have day two of Bernanke’s testimony as he presents to the Senate following his House appearance yesterday.
USD/CHF testing higher
Karen Jones, Chief Analyst at Commerzbank said USD/CHF rallies will need to regain the 0.9568 March high in order to alleviate immediate downside pressure and retarget the 0.9753 July high. She said any erosion of the 0.9358 200 day ma would provoke another step down to the 0.9269/78.6% retracement.