6 Jun 2013
USD/CHF pares losses after ECB decision
FXstreet.com (Barcelona) - The USD/CHF exchange rate drifted into positive territory Thursday, following the ECB inaction that held markets in stasis during European trading.
The European Central Bank (ECB) held its interest rates at 0.5%, which fell precisely in line with consensus expectations. On the heels of this news, the USD/CHF pair eliminated its daily losses and moved towards the 0.9422/27 level in these moments, in essence returning to opening levels.
With this most recent movement, the USD/CHF sits at the crossroads – Mataf.net analysts team points to resistance levels at 0.9487, onto 0.9540, and eventually 0.9586. Alternatively, a plunge lower into negative territory will eventually drive the pair towards supports at 0.9338, ahead of 0.9342, and ultimately 0.9289.
The European Central Bank (ECB) held its interest rates at 0.5%, which fell precisely in line with consensus expectations. On the heels of this news, the USD/CHF pair eliminated its daily losses and moved towards the 0.9422/27 level in these moments, in essence returning to opening levels.
With this most recent movement, the USD/CHF sits at the crossroads – Mataf.net analysts team points to resistance levels at 0.9487, onto 0.9540, and eventually 0.9586. Alternatively, a plunge lower into negative territory will eventually drive the pair towards supports at 0.9338, ahead of 0.9342, and ultimately 0.9289.