Forex: USD/CHF sideways at 0.9280
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USD/CHF
FXstreet.com (Barcelona) - Pressured below 0.9300 on Friday, the USDCHF reached as low as 0.9222 where bids were found and pulled the pair back to 0.9260/80 zone. Today's Asian session was a quiet one, allowing a consolidation around 0.9280.
The economic calendar is light today, with just Italian consumer confidence and wage inflation, and EMU money supply and private loans. The World Economic Forum in Davos ended, so not much more headlines coming from there.
"The market continues to ease back near term from the 0.93835 December high and we would allow for some minor slippage to 0.9215/12, we view this as corrective only", wrote Commerzbank analyst Karen Jones, as she suspects the market is basing. "Above 0.9390, the initial upside target is the 0.9438 200 day moving average and then 0.9513/25, the 50% retracement and November high", Jones added.
The economic calendar is light today, with just Italian consumer confidence and wage inflation, and EMU money supply and private loans. The World Economic Forum in Davos ended, so not much more headlines coming from there.
"The market continues to ease back near term from the 0.93835 December high and we would allow for some minor slippage to 0.9215/12, we view this as corrective only", wrote Commerzbank analyst Karen Jones, as she suspects the market is basing. "Above 0.9390, the initial upside target is the 0.9438 200 day moving average and then 0.9513/25, the 50% retracement and November high", Jones added.
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