USD/CHF: Data Points And Technicals
LiteForex Europe | Feb 24, 2017 05:07AM ET
During the trading session on Thursday the CHF grew against the USD. Initially the USD has grown due to the lowering of industrial production in Switzerland, but then rapidly fell after the weak employment data from the US: the Initial Jobless Claims volume exceeded the expectations and became 244K against 241K, which reflects the weakness of the employment market and weakens the USD.
Today the pair can be affected by the USA New Home Sales release: the possible growth of the indicator can make a positive impact on the production and service sectors and the employment market, strengthening the USD.
On the daily chart, the pair is trading near the upper border of the Bollinger® Bands indicator. The MACD histogram is near the zero line, its volumes are minimal, the signal line is ready to cross the zero line upwards and give a signal to open long positions.
- Support levels: 1.0020, 0.9970, 0.9850, 0.9750, 0.9650, 0.9550.
- Resistance levels: 1.0140, 1.0210, 1.0300, 1.0350.
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