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15 Feb 2013
Forex: USD/CHF attempts at moving higher
The USD/CHF has been attempting at moving higher today, but has remained limited to as high as 0.9226, and now the market is back at the opening price, at 0.9212.
Ahead in the day are Spanish CPI, Italian and EMU trade balance, UK retail sales and Greek CPI. US manufacturing data by NY Empire State Index, consumer sentiment and industrial production are likely to attract more attention.
Commerzbank analysts see scope to the upside. "We have some resistance at 0.9250 and 0.9311. Key resistance remains the 0.9390 December high", wrote analyst Karen Jones, pointing to the need of clearance of 0.9390 on a closing basis to restore an upside bias longer term. "This resistance is reinforced by the 0.9352 55 week ma", she continued.
Ahead in the day are Spanish CPI, Italian and EMU trade balance, UK retail sales and Greek CPI. US manufacturing data by NY Empire State Index, consumer sentiment and industrial production are likely to attract more attention.
Commerzbank analysts see scope to the upside. "We have some resistance at 0.9250 and 0.9311. Key resistance remains the 0.9390 December high", wrote analyst Karen Jones, pointing to the need of clearance of 0.9390 on a closing basis to restore an upside bias longer term. "This resistance is reinforced by the 0.9352 55 week ma", she continued.