24 Jun 2013
USD/CHF stays negative after IFO in Germany
FXstreet.com (New York) - The USD/CHF technical pair moved slightly higher despite remaining in negative territory after the release of German data.
In Germany, the IFO – Business Climate (June) came in at 105.9, matching expectations. Moreover, the IFO – Current Assessment, was reported at 109.4 in June, missing projections that were calling for 109.6. Finally, IFO – climbed Expectations climbed to 102.5 in June, vs. a consensus of 102.0.
USD/CHF cannot break out of negative territory
Presently, the USD/CHF is still settling in negative territory at 0.9357 in these moments, incurring a slight loss of -0.07% above it’s opening. The Mataf.net analyst team points to the next levels of supportive correction at 0.9281, onto 0.9198, and finally 0.9155. Conversely, the pair will face resistance at 0.9407, ahead 0.9450, and eventually 0.9533.
In Germany, the IFO – Business Climate (June) came in at 105.9, matching expectations. Moreover, the IFO – Current Assessment, was reported at 109.4 in June, missing projections that were calling for 109.6. Finally, IFO – climbed Expectations climbed to 102.5 in June, vs. a consensus of 102.0.
USD/CHF cannot break out of negative territory
Presently, the USD/CHF is still settling in negative territory at 0.9357 in these moments, incurring a slight loss of -0.07% above it’s opening. The Mataf.net analyst team points to the next levels of supportive correction at 0.9281, onto 0.9198, and finally 0.9155. Conversely, the pair will face resistance at 0.9407, ahead 0.9450, and eventually 0.9533.