Forex: USD/CHF eases to 0.9460/62

FXstreet.com (Barcelona) - The USD/CHF has been operating sporadically throughout the day Thursday after earlier news on the Cypriot ultimatum via the ECB sent shockwaves through currency markets. With the EUR and prospects in the Eurozone under siege, this led the pair to rise steadfastly during European and American trading. However, in recent moments, the cross has descended 15 pips to trade at 0.9460/62 presently. Despite this easing however, the pair remains in positive territory, up +0.17% from its opening.

Mataf.net analysts identify short-term resistances at 0.9479, up to 0.9516, and finally the 0.9555 handle. Regarding a further pullback, supportive measures will activate if the USD/CHF falls to 0.9408, ahead of 0.9374, and 0.9337.