Forex: USD/CHF sideways after early European drop
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USD/CHF
FXstreet.com (Barcelona) - The USDCHF left the 0.9260/70 trading range, that was ongoing until early European trading, to engage in a sideways momentum lower, at 0.9240/50, during the shift. The pair remains directionless ahead of the NY opening, but is quoting -0.25% lower on the day.
US S&P/Case-Shiller Home Prices and consumer confidence data will attract investors' attention ahead of tomorrow's US ADP employment, GDP and FOMC, and Friday's US NFP and ISM data. A quiet session for now.
"USDCHF's bounce from the support at 0.9218 has, thus far, not being able to break the hourly resistance at 0.9308 (25/01/2013 high)", wrote MIG Bank analyst Bijoy Kar, pointing to another resistance at 0.9329 (intraday high).
US S&P/Case-Shiller Home Prices and consumer confidence data will attract investors' attention ahead of tomorrow's US ADP employment, GDP and FOMC, and Friday's US NFP and ISM data. A quiet session for now.
"USDCHF's bounce from the support at 0.9218 has, thus far, not being able to break the hourly resistance at 0.9308 (25/01/2013 high)", wrote MIG Bank analyst Bijoy Kar, pointing to another resistance at 0.9329 (intraday high).
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