kiriss5678 Posted August 27, 2014 Report Share Posted August 27, 2014 COZforex: The US dollar was steady against the Swiss franc on Tuesday, still hovering close to 9 month highs as markets eyed the release of US data later in the day for further indications on the country's economic recovery. USD/CHF hit 0.9164 during European morning trade, the session high; the pair subsequently consolidated at 0.9154, inching up 0.01%. COZforex senior currency strategist Ian • Quigley said, USD/CHF is predicted to find support at 0.9133, and a drop through could take it to the next support line of 0.9121. Meanwhile, the pair is predicted to find its first resistance at 0.9165, and a rise through could take it to the next resistance line of 0.9185. Demand for the greenback remained supported after Federal Reserve Chair Janet Yellen said at Jackson Hole on Friday that the US economy is recovering and added the labor market is improving as well. Markets seemed to shrug off data on Monday showing that US new home sales dropped by 2.4% to 412,000 units last month, compared to expectations for an increase of 5.7% to 430,000. Later in the day, the US was to publish reports on July durable goods orders, as well as house price inflation and consumer confidence. (COZ forex UK) Quote Link to comment Share on other sites More sharing options...
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