2 Dec 2013
USD/CHF climbs into European morning
FXstreet.com (Barcelona) - Having dipped and made an overnight low at 0.9043, USD/CHF ranged before climbing into the European session to where it is presently trading at daily highs of 0.9070, up 0.04% on the day.
CHF weakens on PMI led EUR correlation
European PMI numbers have come in better than expected across the board this morning, except for Spain, which has seen EUR/USD decline, and the subsequent negative correlation push USD/CHF higher. Swiss PMI also outperformed forecasts at 56.5/55. Eyes will now turn towards outgoing Fed Chairman Bernanke’s speech at 13:30 GMT.
What are today’s Key USD/CHF levels?
Today’s pivot point can be found at 0.9054, with resistance above at 0.9082 (R1), 0.9097 (R2) and 0.9125 (R3), and support below at 0.9039 (S1), 0.9011 (S2) and 0.8996 (S3). The range between 0.9067-0.9101 should be noted as several key technical levels are clustered there this morning.
CHF weakens on PMI led EUR correlation
European PMI numbers have come in better than expected across the board this morning, except for Spain, which has seen EUR/USD decline, and the subsequent negative correlation push USD/CHF higher. Swiss PMI also outperformed forecasts at 56.5/55. Eyes will now turn towards outgoing Fed Chairman Bernanke’s speech at 13:30 GMT.
What are today’s Key USD/CHF levels?
Today’s pivot point can be found at 0.9054, with resistance above at 0.9082 (R1), 0.9097 (R2) and 0.9125 (R3), and support below at 0.9039 (S1), 0.9011 (S2) and 0.8996 (S3). The range between 0.9067-0.9101 should be noted as several key technical levels are clustered there this morning.