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23 Apr 2013
Forex: USD/CHF falls to daily low at 0.9327/29
FXstreet.com (Barcelona) - The USD/CHF fell sharply off the 0.9350 handle earlier today, plunging nearly 20 pips to become entrenched in negative territory. With Swiss economic data in the mouths of investors, the pair is negotiating an exchange of 0.9327/29, operating at daily lows.
At this juncture the cross has settled a marginal -0.11% off its opening. According to the UBS Research Team, “We maintain a bearish intraday outlook for the USD/CHF with resistance is at 0.9357. While this holds, the pair is vulnerable, with support at 0.9277 ahead of 0.9207.”
Earlier today in Switzerland, the Trade Balance (March) came in at 1.90B, against expectations of 1.15B. Moreover, Exports (MoM) yielded a figure of 16.948B, compared with 14.130B previously. Finally, Imports (MoM) declined to 15.048B in March, vs. 16.130B in February.
At this juncture the cross has settled a marginal -0.11% off its opening. According to the UBS Research Team, “We maintain a bearish intraday outlook for the USD/CHF with resistance is at 0.9357. While this holds, the pair is vulnerable, with support at 0.9277 ahead of 0.9207.”
Earlier today in Switzerland, the Trade Balance (March) came in at 1.90B, against expectations of 1.15B. Moreover, Exports (MoM) yielded a figure of 16.948B, compared with 14.130B previously. Finally, Imports (MoM) declined to 15.048B in March, vs. 16.130B in February.