Forex: USD/CHF breaks out of range, down to 0.9250
Forex pairs in this Article »
USD/CHF
FXstreet.com (Barcelona) - The USDCHF has been trading sideways at 0.9060/70 since late US session, but European money is finally taking the pair out of the range. Price action has taken the exchange rate down to as low as 0.9250.
Out for the public eye is German GfK consumer confidence, up from 5.7 (revised from 5.6) to 5.8, and Import Price Index, that contracted -0.5% in December. France also published its consumer confidence figure, still at 86.00 as expected.
UBS analysts are neutral on the pair: "MACD is above the zero line, and as long as support at towards 0.9197 holds there is potential for an upside towards. 0.9389", wrote analyst Gareth Berry, pointing to support at 0.9197
Out for the public eye is German GfK consumer confidence, up from 5.7 (revised from 5.6) to 5.8, and Import Price Index, that contracted -0.5% in December. France also published its consumer confidence figure, still at 86.00 as expected.
UBS analysts are neutral on the pair: "MACD is above the zero line, and as long as support at towards 0.9197 holds there is potential for an upside towards. 0.9389", wrote analyst Gareth Berry, pointing to support at 0.9197
Free Annual Reports
