Forex: USD/CHF trading at 0.9929 after data in the EU

FXstreet.com (Barcelona) - The greenback has appreciated against the Swiss Franc throughout the day and extends its advance after learning of the recent data release in the EMU: the Consumer Confidence index fell to -21.6 in July, missing consensus estimates of -20.0, compared with -19.8 in the previous month. This indicator is the latest of a string of negative announcements to roil the Eurozone Monday.

In terms of technical levels, the exchange rate is up +0.19% in these moments, settling at 0.9929. The technical analysts at ICN.com report that the next resistance levels are located in 0.9950, 0.9995, and ultimately 1.0030. Conversely, the pair will encounter means of support at 0.9900, 0.9870, and finally 0.9835.