Forex: USD/CHF testing resistance at 0.9610

FXstreet.com (Barcelona) - The USDCHF has stormed ahead this afternoon during European trading, following the release of economic data in the United States. Having been revitalized, the pair stormed and currently trades near resistance at 0.9610 (calculated by ICN.com analysts). During the day, the pair has moved in a rather convoluted range, trading operating between 0.9553 and 0.9623 Friday.

In the United States, Durable Goods Orders rose an impressive +4.2% in July, crushing estimates of only 1.6%. Additionally, Durable Goods Orders ex Transportation shrunk -0.4% in July, missing its consensus expectations of +0.5%.

At the present level, the pair has registered a gain of +0.54%, relative to its opening price. According to the analyst team at ICN.com, the pair is testing its short-term resistance at 0.9610 - a break above this level will initiate 0.9655 and 0.9690.