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May 30, 2013
USD/CHF eases to 0.9631/32 after US GDP
The USD/CHF has rebounded nicely Thursday, following a plunge towards the depths of 0.9564 (intraday low) and the release of US economic data.
In the United States, Gross Domestic Product (Annualized) came in at +2.4% in Q1, missing expectations of +2.5%. In addition, the Gross Domestic Product Price Index grew +1.2% in Q1, matching estimates of +1.2%.
With the pair operating at +0.15% above it’s opening during US trading, the USD/CHF is slated to face calculated support at 0.9561, then 0.9486, and finally 0.9371. Alternatively, a movement higher will lead to resistances at 0.9751, followed by 0.9866, and ultimately 0.9941, according to the Mataf.net analyst team. Presently, the pair is operating at 0.9638/40.
In the United States, Gross Domestic Product (Annualized) came in at +2.4% in Q1, missing expectations of +2.5%. In addition, the Gross Domestic Product Price Index grew +1.2% in Q1, matching estimates of +1.2%.
With the pair operating at +0.15% above it’s opening during US trading, the USD/CHF is slated to face calculated support at 0.9561, then 0.9486, and finally 0.9371. Alternatively, a movement higher will lead to resistances at 0.9751, followed by 0.9866, and ultimately 0.9941, according to the Mataf.net analyst team. Presently, the pair is operating at 0.9638/40.