With the start of trading in Europe pair USD / CHF was losing ground . The reason for the increase , " Swiss " is likely to become a favorable index of leading indicators from the KOF Swiss . Drop in prices also contributed to the increased tension around the issue of U.S. debt .
The pair USD / CHF is moving down on news from Switzerland and the U.S.
During the European session the pair USD / CHF is not only lost all the conquered position yesterday , but continued downward movement . In general, the Swiss currency gained nearly 0.3 % against the main rival, as a result of which the rate USD / CHF fell to 0.9080 zone . Traders are awaiting today's statistics from the U.S.. In addition, the aggressive tone of the recent speech by Federal Reserve Bank of Kansas City has toned down the risk appetite of investors. The movement of the dollar against the franc down also contributed to the favorable statistics from Switzerland from KOF.
The pair USD / CHF: Technical and strategic outlook
As noted by one expert Commerzbank Karen Jones, "the level of 0.9020 is likely to limit the downward movement . Pair needs to demonstrate strong growth above 0.9146 (low of August) in order to ease the downward pressure . Further growth is possible to 0.9261 . If the level of 0.9077 (low of September), can not stand , the rate of USD / CHF, is likely to fall to a minimum of 2013 to 0.9023 and then to a minimum 2012, at 0.8931 .
