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Forex pairs in this Article » USD/CHF (Chicago) - USD/CHF rose above 0.93 zone to accumulate 0.99% daily gains so far prior to the Security Council meeting at 18:30GMT to assess whether or not an attack to Syria is the most viable options based on the UN modus operandi.

Weaker-than-expected data

The Swiss franc is the worst performer in terms of relative strength against the greenback and is no down 0.99% for the day. One potential reason is the suicide of Zurich Insurance CFA Pierre Wauthier. Moreover, weaker-than-expected Swiss employment data at 4.166M vs. estimates at 4.170M and prior 4.152M contributed to heavy selling of the dollar. In the United States, initial jobless claims were 331K vs. estimates at 329K and previous 337K. Continuing jobless claims are 2.989M vs. previous 3.330M and projections at 2.980M. The GDP price index for Q2 of the year was flat vs. expectations at 1.3% matching past results.

USD/CHF Technical Levels

Technically speaking, the pair trades at 0.9312 between supports at 0.9286 (August 22nd highs), 0.9262 (August 23rd highs) ahead of 0.9245 (August 26th highs) and resistances at 0.9321 (session highs), 0.9348 (August 13th highs) followed by 0.9377 (August 14th highs). According to the trend index, the pair is slightly bullish on one-hour timeframe analysis and trades above the EMA20.
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