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6 Aug 2014
USD/CHF retreats after Swiss CPI
FXStreet (Córdoba) - The USD/CHF came under mild pressure and pulled back from daily highs following in line with expectations inflation figures.
Swiss CPI came in flat as expected in July, following a 0.4% drop the previous month. Data gave the franc a lift and weighed on the USD/CHF that slid back below 0.9100 in recent dealings. However, the USD/CHF remains trading near 6-month highs after a pullback from a fresh cycle peak of 0.9110 was contained by the 0.9090 zone during the Asian session.
At time of writing, the pair is trading at 0.9095, still a few pips above its opening price, having hit a high of 0.9106 just before the data.
USD/CHF levels to watch
In terms of technical levels, the USD/CHF could find next resistances at 0.9110 (Aug 5 high), 0.9134 (Jan 23 high) and 0.9156 (2014 high Jan 21). On the flip side, supports are seen at 0.9065 (10-day SMA/Aug 5 low), 0.9051 (Aug 4 low) and 0.9040 (Aug 1 low).
Swiss CPI came in flat as expected in July, following a 0.4% drop the previous month. Data gave the franc a lift and weighed on the USD/CHF that slid back below 0.9100 in recent dealings. However, the USD/CHF remains trading near 6-month highs after a pullback from a fresh cycle peak of 0.9110 was contained by the 0.9090 zone during the Asian session.
At time of writing, the pair is trading at 0.9095, still a few pips above its opening price, having hit a high of 0.9106 just before the data.
USD/CHF levels to watch
In terms of technical levels, the USD/CHF could find next resistances at 0.9110 (Aug 5 high), 0.9134 (Jan 23 high) and 0.9156 (2014 high Jan 21). On the flip side, supports are seen at 0.9065 (10-day SMA/Aug 5 low), 0.9051 (Aug 4 low) and 0.9040 (Aug 1 low).