Forex: USD/CHF surrenders gains to trade at 0.9287/89
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USD/CHF
FXstreet.com (Barcelona) - An earlier peak in the region of 0.9317 (intraday maximum) was quickly shortlived, culminating the USDCHF surrendering its daily gains during European trading, relinquishing the 0.9300 level and settling ultimately at 0.9287/89 at the time of writing. At this juncture, the cross is trading in negative territory, operating at a tepid -0.06% loss after a minor miss in Swiss data.
In Switzerland, the ZEW Survey - Expectations came in at -6.9 in the month of January, which was below expectations calling for -5.0, though certainly marking an improvement from -15.5 in the previous month.
Mataf.net analysts point to supportive structures kicking in should the USDCHF reach 0.9267, followed by additional means at 0.9236, and finally 0.9197. On the rise, the pair is slated to face calculated resistance at 0.9337, then 0.9376, and ultimately 0.9401.
In Switzerland, the ZEW Survey - Expectations came in at -6.9 in the month of January, which was below expectations calling for -5.0, though certainly marking an improvement from -15.5 in the previous month.
Mataf.net analysts point to supportive structures kicking in should the USDCHF reach 0.9267, followed by additional means at 0.9236, and finally 0.9197. On the rise, the pair is slated to face calculated resistance at 0.9337, then 0.9376, and ultimately 0.9401.
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