USD/CHF retreats after Swiss CPI

By FXstreet.com | August 06, 2014 AAA

FXStreet (Córdoba) - The USD/CHF came under mild pressure and pulled back from daily highs following in line with expectations Swiss inflation figures.



Swiss CPI came in flat as expected in July. Data gave the franc a lift and weighed on the USD/CHF that slid back below 0.9100 in recent dealings. However, the USD/CHF remains trading near 6-month highs after a pullback from a fresh cycle peak of 0.9110 was contained by the 0.9090 zone during the Asian session.



At time of writing, the pair is trading at 0.9095, still a few pips above its opening price, having hit a high of 0.9106 just before the data.



USD/CHF levels to watch



In terms of technical levels, the USD/CHF could find next resistances at 0.9110 (Aug 5 high), 0.9134 (Jan 23 high) and 0.9156 (2014 high Jan 21). On the flip side, supports are seen at 0.9065 (10-day SMA/Aug 5 low), 0.9051 (Aug 4 low) and 0.9040 (Aug 1 low).



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