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5 Apr 2013
Forex: USD/CHF recovers the mark of 0.9327/28
FXstreet.com (Barcelona) - The USD/CHF has recently bounced off a session low of 0.9313 during US trading Friday, having recovered slightly higher towards the 0.9327/28 mark. At this juncture the cross is still suffering a loss of -0.76% on the day, crashing through support at 0.9352.
According to Research Analyst Gareth Berry at UBS, “The USD/CHF is strictly neutral moving forward on an intraday basis, with calculated support at 0.9295. Meanwhile, resistance is at 0.9527 and then 0.9567.”
An earlier plunge foiled the pair following lackluster US Nonfarm Payroll data (88K vs. 200K projected). Heading into the weekend the cross looks to shed a good part of its weekly gains.
According to Research Analyst Gareth Berry at UBS, “The USD/CHF is strictly neutral moving forward on an intraday basis, with calculated support at 0.9295. Meanwhile, resistance is at 0.9527 and then 0.9567.”
An earlier plunge foiled the pair following lackluster US Nonfarm Payroll data (88K vs. 200K projected). Heading into the weekend the cross looks to shed a good part of its weekly gains.