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USD/CHF remains subdued under 0.9090

FXstreet.com (Chicago) – USD/CHF accumulated 0.38% in daily losses so far in the afternoon of the American trading session and after the release of disappointing US data.

Data recap

Pending home sales yesterday (YoY) were -1.6% vs. prior -1.2%. In Switzerland, the SBN Chairman Jordan gave a speech with no major repercussions on the pair’s price action. Today, housing market data continued being released with slightly better results at 0.974M vs. expected 0.940M in building permits although the consumer confidence index was 70.4 vs. expected 72.9 in the US.

USD/CHF Technical Levels

Technically speaking, the pair is offered at 0.9081 and oscillates between …read more