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Forex pairs in this Article » USD/CHF (Barcelona) - The Fed / Summers news is weighing on the DXY relentlessly thus far Monday morning – forcing the USD/CHF down to the 0.9230 support level.

USD/CHF traders to focus on US news / data until Wednesday

In addition to speculating about who will replace Bernanke when he leaves his post, USD/CHF traders will need to react to US and Swiss data / news releases this week – starting with the US NY Empire State Manufacturing Index, US Industrial Production and Capacity Utilization on Monday.

Technical outlook for USD/CHF

Technicians say the USD/CHF bulls’ last hope is that the 0.9230 support level holds up on a closing basis. A break of that level negates any bullish technical set-up and opens up downside to the 0.9133 level in the short-term and possibly the 0.8681 level a bit further out. Resistance for the cross comes in at 0.9340 with 0.9370 and 0.9454 above that.
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