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Forex: USD/CHF trading negatively at 0.9564/67 after Swiss retail

FXstreet.com (Barcelona) - The failed attempt by the USD/CHF to approach the 0.9600 level stalled Monday (0.9598), culminating in a downward movement that enveloped the pair since the overnight session. In these moments, the cross has now found itself entrenched in negative territory, trading at 0.9564/67 after the release of Swiss data and down -0.30% off its opening.

Briefing the technicals, Mataf.net analysts point to supportive means for the USD/CHF at 0.9497, onto 0.9411, and ultimately 0.9345. Conversely, a break above the 0.9649 handle will initiate resistance at 0.9715 and 0.9801.

In Switzerland, Real Retail Sales (YoY) have fallen by a figure of -0.9% in March, vs. a projection of +0.8%, and compared with +2.4% previously.

Switzerland Mar Real Retail Sales (YoY): -0.9% vs 2.3% (Feb)

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Switzerland: Annual Real Retail Sales fall against expectations in March

On an annual basis Swiss Real Retail Sales decreased 0.9% in March, compared with 2.3% growth in February, according to data released today by the Swiss Federal Statistical Office. Market consensus pointed to a 0.8% rise.
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