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14 Jun 2013
USD/CHF clings to gains after US PPI
FXstreet.com (New York) - The USD/CHF technical pair has hung on to its European gains Friday, following the release of economic data in the United States.
In the United States, the Producer Price Index (YoY) rose +1.7% in May, beating a consensus of +1.4%. Moreover, the Producer Price Index ex Food & Energy (YoY) came in at +1.7% in May, exceeding projections of +1.4%. Finally, the Current Account (Q1) yielded a figure of $-106.1B, vs. estimates of $-109.7B.
USD/CHF resumes upside
Presently, the USD/CHF is advancing at a rate of +0.42% above its opening Friday, having settled at 0.9256. According to the Mataf.net analyst team, the USD/CHF will encounter resistive measures at 0.9274, onto 0.9331, and 0.9402. On the decline, a break below the 0.9146 handle will initiate supports at 0.9075 and 0.9018.
In the United States, the Producer Price Index (YoY) rose +1.7% in May, beating a consensus of +1.4%. Moreover, the Producer Price Index ex Food & Energy (YoY) came in at +1.7% in May, exceeding projections of +1.4%. Finally, the Current Account (Q1) yielded a figure of $-106.1B, vs. estimates of $-109.7B.
USD/CHF resumes upside
Presently, the USD/CHF is advancing at a rate of +0.42% above its opening Friday, having settled at 0.9256. According to the Mataf.net analyst team, the USD/CHF will encounter resistive measures at 0.9274, onto 0.9331, and 0.9402. On the decline, a break below the 0.9146 handle will initiate supports at 0.9075 and 0.9018.