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Forex: USD/CHF operating at session highs at 0.9327/36
FXstreet.com (Barcelona) - The USD/CHF advance has continued Friday, following the release of mixed economic data out of the EMU. In these moments, the cross is trading near a session high of 0.9336, notching an advance of +0.22% thus far during European trading.
ICN.com analysts identify the next corrective measures of resistance at 0.9335, then 0.9360, and finally 0.9380. Regarding a paring of gains, supports for the USD/CHF will trigger should the pair reach 0.9270, onto 0.9230, and finally the 0.9205 handle.
In the EMU, Industrial Production s.a. (MoM) climbed +0.4% in February, against expectations of only +0.1%. Moreover, Industrial Production w.d.a. (YoY) has fallen -3.1% in February, compared with estimates of only -2.5%.
