USD/CHF: Swiss retail sales growth slowed in December


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.76% against the CHF and closed at 0.9636 on Friday.

On the data front, Switzerland’s real retail sales rose 0.1% on a yearly basis in December, compared to a revised rise of 0.5% in the prior month.

In the Asian session, at GMT0400, the pair is trading at 0.9639, with the USD trading 0.03% higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9608, and a fall through could take it to the next support level of 0.9576. The pair is expected to find its first resistance at 0.9692, and a rise through could take it to the next resistance level of 0.9744.

Moving ahead, investors would look forward to Switzerland’s SVME PMI for January, slated to release in a few hours.

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

This entry was posted in USD/CHF. Bookmark the permalink.

Comments are closed.