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15 Jul 2013
USD/CHF retreats off previous highs to 0.9500
FXstreet.com (New York) - The USD/CHF foreign exchange rate peaked earlier at 0.9535 (intraday high) Monday, easing back towards the 0.9500 region in recent moments.
Presently, the USD/CHF is now navigating the area of 0.9493, recording an advance of +0.43% above it’s opening still. The Mataf.net analyst team identifies short-term resistive measures at 0.9508, onto 0.9549, and ultimately 0.9584.
In the United States, Retail Sales (MoM) came in at +0.4% in June, missing expectations of +0.8%. Moreover, Retail Sales -ex Autos (MoM) netted no change in June, against estimates of +0.4%. Finally, the NY Empire State Manufacturing Index (July) was reported at 9.46 in July, vs. a projected figure of 5.0.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF is currently moving to the upside touching above 0.9515, however we will count on Linear Regression Indicator 55 to keep our negative expectation. We should point out that stabilizing above the referred to level might activate positive signals shown on momentum indicators.”
Presently, the USD/CHF is now navigating the area of 0.9493, recording an advance of +0.43% above it’s opening still. The Mataf.net analyst team identifies short-term resistive measures at 0.9508, onto 0.9549, and ultimately 0.9584.
In the United States, Retail Sales (MoM) came in at +0.4% in June, missing expectations of +0.8%. Moreover, Retail Sales -ex Autos (MoM) netted no change in June, against estimates of +0.4%. Finally, the NY Empire State Manufacturing Index (July) was reported at 9.46 in July, vs. a projected figure of 5.0.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF is currently moving to the upside touching above 0.9515, however we will count on Linear Regression Indicator 55 to keep our negative expectation. We should point out that stabilizing above the referred to level might activate positive signals shown on momentum indicators.”