24 May 2013
USD/CHF holds at 0.9677/81
FXstreet.com (Barcelona) - The USD/CHF has stubbornly clung to the 0.9677/81 level during European trading Friday, despite the recent release of economic data in Germany.
In Germany, the IFO – Business Climate (May) has yielded a figure of 105.7, against expectations of 104.5. In addition, the IFO – Current Assessment revealed 110.0 in May, vs. a projection of 107.2. Finally, IFO – Expectations (May) was reported at 101.6, matching its consensus of 101.6.
According to the Mataf.net technical analyst team, the USD/CHF posit the next short-term supports for the USD/CHF at 0.9261, followed by 0.9535, and 0.9437. On the rise, the pair is set to face calculated resistance at 0.9805, then 0.9903, and ultimately 0.9989.
In Germany, the IFO – Business Climate (May) has yielded a figure of 105.7, against expectations of 104.5. In addition, the IFO – Current Assessment revealed 110.0 in May, vs. a projection of 107.2. Finally, IFO – Expectations (May) was reported at 101.6, matching its consensus of 101.6.
According to the Mataf.net technical analyst team, the USD/CHF posit the next short-term supports for the USD/CHF at 0.9261, followed by 0.9535, and 0.9437. On the rise, the pair is set to face calculated resistance at 0.9805, then 0.9903, and ultimately 0.9989.