Tue, May 30, 2023 @ 09:04 GMT
HomeContributorsFundamental AnalysisUSD/CHF: Swiss Franc Trading Flat, Ahead Of Switzerland's Real Retail Sales Data

USD/CHF: Swiss Franc Trading Flat, Ahead Of Switzerland’s Real Retail Sales Data

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 1.0012 on Friday.

In the Asian session, at GMT0300, the pair is trading at 1.0012, with the USD trading flat against the CHF from Friday’s close.

The pair is expected to find support at 0.9993, and a fall through could take it to the next support level of 0.9974. The pair is expected to find its first resistance at 1.0030, and a rise through could take it to the next resistance level of 1.0048.

Moving ahead, traders will closely monitor Switzerland’s real retail sales for February and the SVME–PMI for March, slated to release in a few hours.

The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

GCI Financial
GCI Financialhttp://www.gcitrading.com/
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