USD/CHF moves below 0.97 by weak data from the Chicago PMI

The pair USD/CHF was under selling pressure modest in the american session and erased all its daily gains. After you set your maximum session 0.9713, the pair is trading now at 0.9685, where it closed the previous week.

In spite of the slowdown recently, the couple fluctuates in a relatively narrow range of 50 pips on Monday and is having difficulties to find your next address in the short term in the midst of the lack of catalysts to be significant.

The only data worthy of mention of the U.S. showed that the Chicago PMI fell to its lowest level in three months to 58.9 in July from 65.7 in June. After the data, the index of the dollar of EE.UU returned to their daily gains and is now flat at 93.20. Other data from the U.s. showed that pending sales of homes rose 1.5% on a monthly basis in June and remained unchanged at 0.7% yoy.

On the other hand, after starting the day higher, the main indices of variable income in the united States have failed to give momentum, which allowed the CHF sure you will find demand, as investors expect to get their winnings on the last day of the month. Currently, the Dow Jones Industrial Average climb 0.25% while the S & P 500 is losing 0.15%.

There is No more data in the rest of the day, and it is likely that the pair will operate with calm in his range recent. On Tuesday, investors will follow the consumer price index core staff, the inflation indicator favorite of the Fed, with care, to see if the inflation in the united States is showing signs of a pickup.

Technical perspective

The short term indicators for the pair will remain neutral on Monday. A daily close above 0.9700 (psychological level/maximum 14 July), could open the door to 0.9740 (maximum of 26 of June) and 0.9775 (DMA 100).

On the negative side, supports could be seen at 0.9635 (maximum of 28 July), 0.9590 (minimum of 17 of July) and 0.9490 (a minimum of 26 of July).

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