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16 Apr 2013
Forex: USD/CHF above 0.9300
FXstreet.com (Barcelona) - The USD/CHF printed its higher mark of the day at 0.9320 during the Asian session and has been giving in to the downside since, breaching below the 0.9300 handle and finding its low at 0.9290. Still, the pair is not far from where it closed yesterday, around the psychological level, and is attempting to move higher.
Switzerland will be publishing its PPI data soon, at 07:15 GMT, and market consensus points to retraction of prices by -0.1% (MoM) and -0.3% (YoY) in March. Investors will also be looking for the updates in Italy trade data, EMU ZEW survey and the CPI figure.
Mataf.net analysts point to resistance at 0.9330, 0.9365 and 0.9430. On the downside, supports might be found at 0.9290, 0.9260 and 0.9235.
Switzerland will be publishing its PPI data soon, at 07:15 GMT, and market consensus points to retraction of prices by -0.1% (MoM) and -0.3% (YoY) in March. Investors will also be looking for the updates in Italy trade data, EMU ZEW survey and the CPI figure.
Mataf.net analysts point to resistance at 0.9330, 0.9365 and 0.9430. On the downside, supports might be found at 0.9290, 0.9260 and 0.9235.