Forex: USD/CHF continues falling to break down the 0.9450 region

FXstreet.com (San Francisco) - After falling around 70 pips from the 0.9520, the USD/CHF has broken down the 0.9500 region to currently test the 0.9450. The pair is 0.35% down on the day and it is trading slightly bearish according to the FXstreet.com Forex studies.

Indicators such as Momentum and CCI are bearish while the MACD is neutral and the Stochastic is pointing bullish in the 1hour chart. Below the 0.9450, the pair will face supports at 0.9440, 0.9400 and 0.9380.

On the upside, resistances are at 0.9470, 0.9500 and 0.9520.

Apr 3, 2013

US: ISM Non-Manufacturing PMI disappoints at 54.4 in March

Below market expectations, the ISM Non-Manufacturing PMI in March fell from 56.0 to 54.4 when consensus was pointing to 55.8.

Forex: EUR/USD extends gains after US data

Antecipation of disappointment on the ISM non-manufacturing PMI just released triggered a fall of the greenback on the US session. The EUR/USD climbed the chart from 1.2825 to 1.2861 high, for now, and remains attached to the highest levels of the day. Earlier, the ADP employment report was expected to rise from 198K to 200K in March, but February data was revised much higher, to 237K, and the March figure disappointed at 158K.