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18 Jun 2013
USD/CHF drifting back
FXstreet.com (London) - USD/CHF had dropped heavily overnight but has since gathered back some space throughout the European session and after a series of US data releases.
USD/CHF re-positioned
USD/CHF is currently trading in the region of the pivot and oscillating between 0.9220/40 zone. The SNB meets this Thursday and it will be interesting to see if the SNB has something new to offer after the aggressive downgrade to inflation expectations in their last meeting. Before then, mind you, FOMC will be key focus in the market and would be more likely the catalyst for a direction one way or the other for the time being. At this time of writing, the indicators are suggesting that we may see some consolidation here, which would make sense prior to the FOMC coming up tomorrow and having found an equilibrium again along the pivot line. Resistances: 0.9265 - 0.9235 - 0.922. Supports: 0.913 - 0.9155 - 0.9175
USD/CHF re-positioned
USD/CHF is currently trading in the region of the pivot and oscillating between 0.9220/40 zone. The SNB meets this Thursday and it will be interesting to see if the SNB has something new to offer after the aggressive downgrade to inflation expectations in their last meeting. Before then, mind you, FOMC will be key focus in the market and would be more likely the catalyst for a direction one way or the other for the time being. At this time of writing, the indicators are suggesting that we may see some consolidation here, which would make sense prior to the FOMC coming up tomorrow and having found an equilibrium again along the pivot line. Resistances: 0.9265 - 0.9235 - 0.922. Supports: 0.913 - 0.9155 - 0.9175