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Forex: USD/CHF establishes fresh lows at 0.9469/72

FXstreet.com (Barcelona) - A USD/CHF decline has bottomed out at the 0.9469/72 level in recent moments, following what has been a bloodletting during European trading. Having lost its grip on the 0.9500 level, the cross is now operating at -0.16% below its opening, on the heels of lackluster US data.

Mataf.net analysts point to corrective measures of supports ahead at 0.9461, then 0.9426, and 0.9408. Regarding a paring of losses, resistances for the USD/CHF will activate should the pair reach 0.9514 onto 0.9532 and ultimately 0.9567.

In the United States, ADP Employment change came in at 58K in March, against expectations calling for 200K, and compared with 237K previously.

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