FXStreet — The USD/CHF failed to a sustainable increase of about 0,9800 and so was much of the days gains from a 1.5 week high of delivered.
The Couple was not able to benefit from the strength of the US Dollar Index, reflecting the cautious mood on the financial markets. There were reports that Greece is threatening to want to make the next repayment of € 7.5 billion in July. Add to this the geopolitical tensions surrounding North Korea, of which the safe haven of the Swiss franc benefited.
Economic data we expect today from the US, the Fed’s preferred Inflation the core PCE price index and personal spending/income, as well as the CB consumer confidence..
Under 0,9760 the next supports lie at 0,9730-25, 0,9700-0,9690 and 0,9650. On the other hand, Resistances can be found at 0,9800, 0,9820, and targets 0.9850-55.
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