Thu, Oct 21, 2021 @ 17:40 GMT
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Swiss Franc Trading A Tad Lower, Ahead Of Swiss Retail Sales Data

For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9551.

On Thursday, data indicated that Switzerland’s KOF leading indicator eased to a level of 106.0 in March, more than market expectations for a fall to a level of 107.2. In the prior month, the index had recorded a revised level of 108.4.

In the Asian session, at GMT0300, the pair is trading at 0.9553, with the USD trading slightly higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9532, and a fall through could take it to the next support level of 0.9510. The pair is expected to find its first resistance at 0.9570, and a rise through could take it to the next resistance level of 0.9586.

Ahead in the day, all eyes would be on Switzerland’s real retail sales for February and SVME PMI for March.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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