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17 Sep 2013
USD/CHF loses 0.9260 front; still below EMA20
FXstreet.com (Chicago) - USD/CHF continues trading sideways in the afternoon of the American trading session. The pair was capped at 23.6% Fibonacci retracement from last week’s peaks after reaching 0.9281 session highs.
US data
Earlier in the US, consumer price indexes disappointed with the CPI (MoM) for August at 0.1% vs. expected 0.2%. The YoY results were 1.5% vs. projected 1.6%. The Redbook index fell to -0.3% vs. past 0.3% and the NAHB housing market index for September was 58 vs. past 59 results. Ahead of the Fed’s meeting tomorrow, the ICN technical analysis team considers the pair is on a short-term downward channel with negative expectations for the day.
USD/CHF Technical Levels
Price action reveals a stalled greenback that fluctuates between the 0.9250 and 0.9260 zones. The pair attempted to recover earlier losses after a weak start in Asia. Under pressure, the dollar faces a stronger Swissy. Offered at 0.9257, the pair oscillates between supports at 0.9217 (September 13th lows), 0.9168 (August 28th lows) ahead of 0.9145 (August 21st lows) and resistances aligned at 0.9309 (August 30th lows), 0.9352 (September 4th lows) followed by 0.94 (August 15th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis.
US data
Earlier in the US, consumer price indexes disappointed with the CPI (MoM) for August at 0.1% vs. expected 0.2%. The YoY results were 1.5% vs. projected 1.6%. The Redbook index fell to -0.3% vs. past 0.3% and the NAHB housing market index for September was 58 vs. past 59 results. Ahead of the Fed’s meeting tomorrow, the ICN technical analysis team considers the pair is on a short-term downward channel with negative expectations for the day.
USD/CHF Technical Levels
Price action reveals a stalled greenback that fluctuates between the 0.9250 and 0.9260 zones. The pair attempted to recover earlier losses after a weak start in Asia. Under pressure, the dollar faces a stronger Swissy. Offered at 0.9257, the pair oscillates between supports at 0.9217 (September 13th lows), 0.9168 (August 28th lows) ahead of 0.9145 (August 21st lows) and resistances aligned at 0.9309 (August 30th lows), 0.9352 (September 4th lows) followed by 0.94 (August 15th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis.