Forex: USD/CHF down by 0.26%

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Forex: USD/CHF down by 0.26%

FITITOL--> FXstreet.com (Barcelona) - The greenback has partially eliminated its previous advance against the swissie, falling by 0.26%, on the back of mixed results from the US economy. The Reuters/Michigan consumer sentiment index beat forecasts, reaching 76.4 instead of 75.9 and higher than the previous 76.2. YoY GDP growth came short of expectations at 2.2% (instead of 2.5%) while the gross domestic purchases price index grew by 1.5% (forecast was 2.5%). Real personal consumption expenditures came in line with expectations, growing 2.1%. Later today the Reuters/Michigan consumer sentiment index will announce its numbers, with forecasts pointing to a drop from 76.2 to 75.9.

On the other hand, the results for the Swiss KOF leading indicator yielded a better than expected result at 0.40 (forecast 0.26).

The pair is currently trading at 0.9067 centimes per dollar, with resistance at 0.9132 and 0.9160, according to FXstreet.com pivot points on technical tools. On the downside, th ere is support at 0.9064, followed by 0.9036 and 0.9016.