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14 Mar 2013
Forex: USD/CHF trading at 0.9536/38 after EMU employment data
The USD/CHF has been operating near session highs, as it inches ever higher Thursday (0.9554 session high). However, after the release of economic data out of the EMU, the pair was seen easing nearly 15-pips towards the 0.9536/38 level. Despite this minor stumble, the pair still operates +0.12% above its opening at the time of writing.
In the EMU, Employment Change (QoQ) yielded a result of -0.3% in Q4, compared with -0.1% previously. Moreover, Employment Change (YoY) fell -0.8% in Q4, relative to -0.6% in the previous quarter.
According to the Mataf.net Analyst team, any rise in the USD/CHF will be sequestered by resistances at 0.9554, then 0.9595, and ultimately 0.9657. Conversely, the pair will face calculated support at 0.9451, followed by 0.9389, ahead of 0.9348.
In the EMU, Employment Change (QoQ) yielded a result of -0.3% in Q4, compared with -0.1% previously. Moreover, Employment Change (YoY) fell -0.8% in Q4, relative to -0.6% in the previous quarter.
According to the Mataf.net Analyst team, any rise in the USD/CHF will be sequestered by resistances at 0.9554, then 0.9595, and ultimately 0.9657. Conversely, the pair will face calculated support at 0.9451, followed by 0.9389, ahead of 0.9348.