USD/CHF continues to decline after mixed US data
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USD/CHF
FXstreet.com (Barcelona) - After the publication of the mixed economic results in the United States, the greenback has continued to struggle against the Swiss franc in the afternoon of the European session Friday.
In the U.S., Personal Income (May) grew +0.2% versus consensus expectations of -0.2%, while Personal Spending (May) grew +0.0% from +0.1% in the previous month. The US also reported that the Core Personal Consumption Expenditure (MoM and YoY) has shrunk -0.1% compared to consensus of +0.2% (MoM) and +1.8% , versus the consensus of +1.8% (YoY) respectively.
The cross is trading around the zone of 0.9519, declining presently -1.36%. Slobodan Drvenica, a technical analyst at Windsor Brokers Ltd. confirms the next short-term supports at 0.9528, 0.9510, and finally 0.9500. On the opposite side of the fence, the pair will encounter resistance at 0.9580, 0.9600, and ultimately 0.9650.
In the U.S., Personal Income (May) grew +0.2% versus consensus expectations of -0.2%, while Personal Spending (May) grew +0.0% from +0.1% in the previous month. The US also reported that the Core Personal Consumption Expenditure (MoM and YoY) has shrunk -0.1% compared to consensus of +0.2% (MoM) and +1.8% , versus the consensus of +1.8% (YoY) respectively.
The cross is trading around the zone of 0.9519, declining presently -1.36%. Slobodan Drvenica, a technical analyst at Windsor Brokers Ltd. confirms the next short-term supports at 0.9528, 0.9510, and finally 0.9500. On the opposite side of the fence, the pair will encounter resistance at 0.9580, 0.9600, and ultimately 0.9650.
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