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19 Mar 2013
Forex: USD/CHF stays above opening price
FXstreet.com (Barcelona) - The USD/CHF is turned to the upside and after testing the 0.9460 opening price, it is currently quoting around 0.9470 in a day focused on the UK, with prices data due at 09:30 GMT.
China’s FDI improved from -7.30% to -1.30% in February, while CB Leading Economic index stayed unchanged at 1.3, with January’s data being revised from 1.0 to 1.3.
“For the 0.9595/0.9609 January 2012 high and the 61.8% retracement of the move down from the 2012 peak to be back in the picture, the 0.9513 November high will need to be exceeded”, wrote Commerzbank analyst Karen Jones, pointing to support at 0.9390/79, with an unexpected slide below to lead to 0.9339 February 25 high.
China’s FDI improved from -7.30% to -1.30% in February, while CB Leading Economic index stayed unchanged at 1.3, with January’s data being revised from 1.0 to 1.3.
“For the 0.9595/0.9609 January 2012 high and the 61.8% retracement of the move down from the 2012 peak to be back in the picture, the 0.9513 November high will need to be exceeded”, wrote Commerzbank analyst Karen Jones, pointing to support at 0.9390/79, with an unexpected slide below to lead to 0.9339 February 25 high.