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Forex: USD/CHF falls to 0.9479/80 after ISM data in US

FXstreet.com (Barcelona) - The USD/CHF has broken lower Monday, following the release of mixed economic data out of the United States. The pair had clung to the 0.9500 level during the onset of US trading, however the cross has now fallen to the 0.9479/80 level in these moments, incurring a loss of -0.25%.

Following a break below the 0.9492 support, Mataf.net analysts point to supports at 0.9472 ahead of 0.9460. Conversely, a movement higher and a paring of losses will result in the USD/CHF testing calculated resistance at 0.9524, onto of 0.9536, and 0.9556.

In the United States, ISM Manufacturing PMI (March) came in at 51.3, missing expectations of 54.1 In addition, Construction Spending (MoM) grew by +1.2% in February, beating estimates of only +1.0%. Finally, ISM Prices Paid (March) recorded a figure of 54.5, relative to projections calling for 59.8.

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