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Forex pairs in this Article » USD/CHF (London) - USD/CHF has fallen through the 0.9300 handle to a low of 92.83.

This morning, for Switzerland, we have seen the UBS Consumption Indicator (Jun) 1.44 against 1.45 previous and the KOF Leading Indicator 1.23 vrs consensus of 1.26 and previous 1.15. The pair are supported here ahead of a busy day for the dollar. Today see’s US GDP, ADP employment and FOMC.

USD/CHF negative bias

USD/CHF levels are with the 20d ma at 0.9439, 50d ma 0.9424, and the 200 d ma 0.9360, with RSI (9) at 35.54. The supports are from 0.9176, 0.9215, 0.9242, and 0.9263. Spot is currently 0.9289 and resistances are now 0.9324, 0.9338, 0.9365 and 0.9395. The bias is to the downside and a break of 0.9263 would be significant and could open up more downside strength.
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