Forex: USD/CHF trades at 0.9568 after US data
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USD/CHF
FXstreet.com (Barcelona) - The USDCHF has consolidated its gains following the publication of several key economic indicators in the United States this afternoon during European trading. Presently speaking, the pair has settled in the range of 0.9565, after a rather episodic-induced session Wednesday.
In the United States, Core Personal Consumption Expenditures (QoQ) have risen +1.8% in the second quarter, against consensus expectations of +1.8%. In addition, the Gross Domestic Product Annualized has climbed +1.7% in the second quarter, relative to expectations of +1.7%. Finally, Gross Domestic Purchases Price Index (Q2) has reported a figure of +1.6%, against consensus estimates of +1.6%.
With several more important economic events and indicators scheduled for release later today, the USDCHF has still recorded a +0.5% gain on the day. The technical analyst team at Mataf.net identifies the next resistances at 0.9615, 0.9668, and finally 0.9702. On the downtrend, a break below 0.9528 will enable support at 0.9494, and 0.9441.
In the United States, Core Personal Consumption Expenditures (QoQ) have risen +1.8% in the second quarter, against consensus expectations of +1.8%. In addition, the Gross Domestic Product Annualized has climbed +1.7% in the second quarter, relative to expectations of +1.7%. Finally, Gross Domestic Purchases Price Index (Q2) has reported a figure of +1.6%, against consensus estimates of +1.6%.
With several more important economic events and indicators scheduled for release later today, the USDCHF has still recorded a +0.5% gain on the day. The technical analyst team at Mataf.net identifies the next resistances at 0.9615, 0.9668, and finally 0.9702. On the downtrend, a break below 0.9528 will enable support at 0.9494, and 0.9441.
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