6 Sep 2013
USD/CHF rallies to intraday highs ahead of NFP
FXstreet.com (Lisbon) - The USD/CHF foreign exchange rate experienced a second wind during the late morning of European trading, rallying towards fresh highs as the payroll data looms in the US.
Earlier today in Germany, Industrial Production s.a. (MoM) fell -1.7% in July, missing estimates of -0.5%. Morevoer, Industrial Production n.s.a. w.d.a. (YoY) yielded a figure of -2.2% in July, compared to a consensus of +0.6%. Later today at 12:30 GMT, investors will learn of the Nonfarm Payrolls in the US, without a doubt the marquee event of the week.
USD/CHF technical levels
The USD/CHF has now notched fresh highs in the area of 0.9456 Friday, a figure that has coincided with just a +0.04% gain thus far. In terms of the technical levels, the USD/CHF is remains capped by resistance at 0.9460, then 0.9478, and 0.9490, notes the Danske Research team.
Earlier today in Germany, Industrial Production s.a. (MoM) fell -1.7% in July, missing estimates of -0.5%. Morevoer, Industrial Production n.s.a. w.d.a. (YoY) yielded a figure of -2.2% in July, compared to a consensus of +0.6%. Later today at 12:30 GMT, investors will learn of the Nonfarm Payrolls in the US, without a doubt the marquee event of the week.
USD/CHF technical levels
The USD/CHF has now notched fresh highs in the area of 0.9456 Friday, a figure that has coincided with just a +0.04% gain thus far. In terms of the technical levels, the USD/CHF is remains capped by resistance at 0.9460, then 0.9478, and 0.9490, notes the Danske Research team.