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USDCHF showed a slight change December 20 2012 December 20, 2012


The U.S. dollar showed a slight change, trading near to seven-and-a-half month lows against the Swiss franc in USDCHF today, as market sentiment was influenced by uncertainty over progress in deals to avoid the U.S. fiscal cliff.

During the European morning trade, the currency pair USDCHF hit the level 0.9125, which is the lowest level for this session. Later on, the pair found consolidation at 0.9126.

The pair USDCHF was supposed to find support at 0.9086, bottom from yesterday and an eight-and-a-half month low, and resistance at 0.9185, peak from Tuesday.

Trade is supposed to stay lowered during the session tomorrow, as markets wound down before the Christmas holidays.

The Swissy remained rather unchanged against the euro, with EURCHF trading at the level 1.2076.

America is expected to publish the weekly report on initial jobless claims, together with revised data on third quarter growth and data on manufacturing activity in Philadelphia later on during the today’s trading session. Moreover, the U.S.A. is about to show industry data on existing home sales.

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