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USD/CHF upside capped at 0.9300

FXstreet.com (New York) - The USD/CHF technical pair has crept higher throughout European trading, unable to overtake the 0.9300 upside barrier (0.9297 level session high).

In the EMU, the Current Account s.a. (April) came in at €19.5B, compared with a figure of €25.9B previously. In addition, the Current Account n.s.a. has yielded a figure of €15.3B in April, beating expectations of €10.0B.

USD/CHF nestled below resistance

Presently, the USD/CHF is now settling in positive territory at 0.9283 in these moments, securing a gain of +0.14% above it’s opening. Following yesterday’s shakeup, the Mataf.net analyst team points to the next levels of resistive correction at 0.9335, onto 0.9403, and finally 0.9444. Conversely, the pair will face support at 0.9226, ahead 0.9185, and eventually 0.9117.

EUR/USD virtually unchanged

The EUR/USD foreign exchange rate has rescinded its meager gains Friday morning during European trading, retreating off session highs of 1.3255 to opening levels.
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NZD/USD descending remains in tact

The downward momentum should remain in tact so long as the pair does not close above 0.7885 and the topside of the descending channel.
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