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Forex: USD/CHF held at Friday’s low, at 0.9402

FXstreet.com (Barcelona) - The psychological level has been able to hold the downside pressure. The USD/CHF found support at 0.9402 low today, retesting yesterday’s support. The pair is trading lower on the day, below its opening price of 0.9325, quoting at 0.9406 (-0.20% on the day).

Spanish retail sales fell further, from -7.7% (revised from -8.0%) to -8.9% in March. The preliminary report of Spain HICP in April points to a slowing pace, from 2.6% to 1.5% (YoY), below its 2.1% consensus.

Mataf.net analysts point to resistance at 0.9430, 0.9460 and 0.9500. On the downside, supports might be found at 0.9400, 0.9390 and 0.9340.

Spain Mar Retail Sales (YoY) down 8.9% vs -8% (Feb)

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