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18 Feb 2013
Forex: USD/CHF at Friday's highs
The Asian session rally was capped at 0.9258 and so, the USD/CHF retrieved to Friday's high area, around 0.9242. The market is up by +0.28% and extending the retracement of late January's tumble to 0.9022 low.
The economic calendar will provide update of EMU current account. ECB's Draghi will speak at 12:30 GMT.
UBS analysts are neutral: "The latest recovery has traded above main resistance at 0.9249 this morning. The next resistance is at 0.9325 ahead of 0.9389", wrote analyst Gareth Berry, pointing to support at 0.9150.
The economic calendar will provide update of EMU current account. ECB's Draghi will speak at 12:30 GMT.
UBS analysts are neutral: "The latest recovery has traded above main resistance at 0.9249 this morning. The next resistance is at 0.9325 ahead of 0.9389", wrote analyst Gareth Berry, pointing to support at 0.9150.