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Forex: USD/CHF trading negatively at 0.9436/37

FXstreet.com (Barcelona) - The USD/CHF has been devoid of any sweeping movements Friday, instead clinging to negative territory, most recently on the heels of economic data in the EMU. Following the SNB speech, the pair is now trading at 0.9436/37, down -0.11% during European trading.

Briefing the technical levels, the Mataf.net analyst team identifies the next short-term supports for the USD/CHF at 0.9417, then 0.9389, and finally 0.9355. Alternatively, a paring of losses will result in a testing of resistances at 0.9479, onto 0.9513, and finally 0.9541.

In the EMU, the M3 Money Supply (3M) came in at +3.0% in March, compared with a figure of +3.4% previously. Moreover, the M3 Money Supply (YoY) yielded only +2.6%, missing estimates of +3.0%. Finally, Private Loans (YoY) fell -0.8%, matching projections.

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