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USD/CHF sideways trading at 0.9535/36

FXstreet.com (Barcelona) - The USD/CHF has been trading in a sideways consolidation Friday, unable to sustain a course in either direction following yesterday’s collapse below the 0.9600 barrier.

At the time of writing, the USD/CHF has now returned to opening levels at 0.9535/36 and operating with a marginal gain of +0.01% above its opening. Earlier today in Switzerland, KoF Leading Indicator (May) came in at 1.10, beating estimates of 1.08.

Given the recent weakness afflicting the pair, Mataf.net analysts point to the next level of supportive correction for the USD/CHF at 0.9497, then 0.9449, and finally 0.9372. On the ascension, resistive structures will trigger at 0.9622, onto 0.9699, and finally 0.9747.

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