26 Nov 2013
USD/CHF remains subdued under 0.9090
FXstreet.com (Chicago) - USD/CHF accumulated 0.38% in daily losses so far in the afternoon of the American trading session and after the release of disappointing US data.
Data recap
Pending home sales yesterday (YoY) were -1.6% vs. prior -1.2%. In Switzerland, the SBN Chairman Jordan gave a speech with no major repercussions on the pair’s price action. Today, housing market data continued being released with slightly better results at 0.974M vs. expected 0.940M in building permits although the consumer confidence index was 70.4 vs. expected 72.9 in the US.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.9081 and oscillates between the supports aligned at 0.9077 (November 20th lows), 0.9060 (November 22nd lows) ahead of 0.90 (October 18th lows) and the resistances set at 0.9122 (November 13th lows), 0.9162 (November 18th highs) followed by 0.9191 (November 21st highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish on one-hour timeframe analysis and remains navigating below the EMA20.
Data recap
Pending home sales yesterday (YoY) were -1.6% vs. prior -1.2%. In Switzerland, the SBN Chairman Jordan gave a speech with no major repercussions on the pair’s price action. Today, housing market data continued being released with slightly better results at 0.974M vs. expected 0.940M in building permits although the consumer confidence index was 70.4 vs. expected 72.9 in the US.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.9081 and oscillates between the supports aligned at 0.9077 (November 20th lows), 0.9060 (November 22nd lows) ahead of 0.90 (October 18th lows) and the resistances set at 0.9122 (November 13th lows), 0.9162 (November 18th highs) followed by 0.9191 (November 21st highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish on one-hour timeframe analysis and remains navigating below the EMA20.