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Forex pairs in this Article » USD/CHF
FXstreet.com (Barcelona) - The USDCHF has recently eased during European trading in recent minutes, falling over 10 pips off its session high of 0.9187 to trade presently at 0.9174/75 at the time of writing. Earlier today in Switzerland, the Producer and Import Prices (YoY and MoM) were reported at +0.8% in January (against expectations of +1.1%) and +0.1% in January (in line with projections) respectively.

"The gains from the USDCHF stalled at 0.9213, capped by daily Ichimoku cloud base - a subsequent reversal returned to near-term range floor at 0.9150 that so far contained dip, along with the 55-day EMA. Moreover, negative hourly structure keeps the downside at risk, with 4h chart indicators losing momentum." warns Slobodan Drvenica, an analyst at Windsor Brokers Ltd.

After climbing back into positive territory to the tune of a +0.05% gain, Slobodan Drvenica suggests the cross will be stymied by resistances at 0.9180, up towards 0.9200 (key barrier), and finally 0.9213. On the downside, the USDCHF will encounter means of calculated support at 0.9150, then 0.9115, and finally the 0.9100 handle.
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