Fri, Oct 22, 2021 @ 01:19 GMT
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Swiss Real Retail Sales Declined In February

For the 24 hours to 23:00 GMT, the USD rose 0.38% against the CHF and closed at 0.9587.

On the data front, Switzerland’s real retail sales eased 0.2% on an annual basis in February, compared to a revised drop of 0.4% in the prior month. Further, the nation’s SVME PMI fell to a level of 60.3 in March, after recording a reading of 65.5 in the prior month, while investors had envisaged for a fall to a level of 64.3.

In the Asian session, at GMT0300, the pair is trading at 0.9580, with the USD trading 0.07% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9543, and a fall through could take it to the next support level of 0.9506. The pair is expected to find its first resistance at 0.9607, and a rise through could take it to the next resistance level of 0.9634.

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

GCI Financial
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