USD/CHF: Switzerland’s KOF leading indicator climbed in March


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CHF and closed at 0.9957 on Friday.

On the data front, Switzerland’s KOF leading indicator advanced to 97.4 in March, surpassing market expectations for a rise to 93.9 and compared to a revised level of 93.0 in the previous month.

In the Asian session, at GMT0300, the pair is trading at 0.9961, with the USD trading marginally higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9946, and a fall through could take it to the next support level of 0.9930. The pair is expected to find its first resistance at 0.9976, and a rise through could take it to the next resistance level of 0.9990.

Trading trend in the Swiss Franc today, is expected to be determined by Switzerland’s real retail sales for February and the manufacturing PMI for March, slated to release in a few hours.

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

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