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3 Apr 2013
Forex: USD/CHF above 0.9500
FXstreet.com (Barcelona) - After an early rise to the 0.9500 psychological level during the Asian session, the USD/CHF stayed quite still for around some time but the pair has just moved higher, to 0.9514, ahead of the European session. Those gains are currently being retraced.
The economic calendar will be pretty clean today, with the EMU consumer price index making the rounds at 09:00 GMT. The preliminary release for March is expected to see an easing figure from 1.8% to 1.7%.
“USD/CHF is consolidating above its 200 day ma at 0.9616 and the uptrend at 0.9418 and as a consequence maintains an upside bias. Key short term support is the 0.9351 low charted last week, while above here we will maintain an upside bias”, wrote Commerzbank analyst Karen Jones.
The economic calendar will be pretty clean today, with the EMU consumer price index making the rounds at 09:00 GMT. The preliminary release for March is expected to see an easing figure from 1.8% to 1.7%.
“USD/CHF is consolidating above its 200 day ma at 0.9616 and the uptrend at 0.9418 and as a consequence maintains an upside bias. Key short term support is the 0.9351 low charted last week, while above here we will maintain an upside bias”, wrote Commerzbank analyst Karen Jones.