Forex: USD/CHF consolidates in negative territory at 0.9570 after mixed US data
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USD/CHF
FXstreet.com (Barcelona) - The USDCHF has continued its decline Thursday, as the recent US employment data release and the specter of risk appetite have collectively undermined the USD. Having been torn asunder after yesterday's debacle, the pair currently records a loss of -0.17% on the day, settling in the region 0.9570.
In the United States, the Initial Jobless Claims (Aug 18) came in higher than expected, swelling to 372K, against a consensus estimate of only 365k. In addition, Continuing Jobless Claims (Aug 11) has reported a figure of 3.317M, exceeding expectations of only 3.300M. Finally, the Markit Manufacturing PMI has yielded a result of 51.9 in August, beating its projections of only 51.5.
The technical analyst team at ICN.com, models the next short-term supports at 0.9550, 0.9490, and finally 0.9450. On the upside, a break above the 0.9610 level will initiate resistances at 0.9655 and 0.9690.
In the United States, the Initial Jobless Claims (Aug 18) came in higher than expected, swelling to 372K, against a consensus estimate of only 365k. In addition, Continuing Jobless Claims (Aug 11) has reported a figure of 3.317M, exceeding expectations of only 3.300M. Finally, the Markit Manufacturing PMI has yielded a result of 51.9 in August, beating its projections of only 51.5.
The technical analyst team at ICN.com, models the next short-term supports at 0.9550, 0.9490, and finally 0.9450. On the upside, a break above the 0.9610 level will initiate resistances at 0.9655 and 0.9690.
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