15 Sep 2015
USD/CHF firmer near 0.9700
FXStreet (Edinburgh) - The greenback remains on a firmer footing vs. the Swiss franc today, lifting USD/CHF to the 0.9700 neighbourhood.
USD/CHF looks to US docket
The pair is reverting yesterday’s flat performance, with the US dollar gaining further upside momentum and trading closer to weekly peaks near 0.9720. Spot seems to have found a consolidative pattern after dropping to the mid-0.9200s during August, trading between the upper-0.9600s and the 0.9810 area in the last sessions.
Today’s upside will be put to the test later in light of the releases in the US calendar, where Retail Sales will take centre stage seconded by Industrial Production, Capacity Utilization and the regional manufacturing gauge tracked by the Empire State index.
USD/CHF levels to consider
As of writing the pair is advancing 0.07% at 0.9692 facing the next resistance at 0.9719 (high Sep.14) followed by 0.9764 (high Sep.7) and then 0.9796 (high Sep.11). On the other hand, a breach of 0.9667 (low Sep.14) would open the door to 0.9607 (low Sep.2) and finally 0.9569 (low Sep.1).
USD/CHF looks to US docket
The pair is reverting yesterday’s flat performance, with the US dollar gaining further upside momentum and trading closer to weekly peaks near 0.9720. Spot seems to have found a consolidative pattern after dropping to the mid-0.9200s during August, trading between the upper-0.9600s and the 0.9810 area in the last sessions.
Today’s upside will be put to the test later in light of the releases in the US calendar, where Retail Sales will take centre stage seconded by Industrial Production, Capacity Utilization and the regional manufacturing gauge tracked by the Empire State index.
USD/CHF levels to consider
As of writing the pair is advancing 0.07% at 0.9692 facing the next resistance at 0.9719 (high Sep.14) followed by 0.9764 (high Sep.7) and then 0.9796 (high Sep.11). On the other hand, a breach of 0.9667 (low Sep.14) would open the door to 0.9607 (low Sep.2) and finally 0.9569 (low Sep.1).