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Forex pairs in this Article » USD/CHF (Barcelona) -The USD/CHF cross tried to follow up Wednesday’s bullish action with more of the same Thursday. However, it instead finished only modestly higher after posting a bearish long-tailed candle Thursday.

USD/CHF traders to continue to monitor Jackson Hole news and data points

The annual Jackson Hole Symposium is under way currently – so all eyes will continue to be trained in that direction for more clues as to the Fed’s tapering intentions. Outside of that, traders will also be attentive to US New Home Sales due out at 14:00 GMT Friday.

Technical take on USD/CHF

Technicians say that USD/CHF has short-term support at 0.9130 (from 0.9252 currently). First resistance for USD/CHF is at Thursday’s peak at of 0.9289.
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