Support levels located at 0.9045, 0.8893, and 0.8809
Pivot Point is 0.9129
Resistance levels located at 0.9281, 0.9365, and 0.9517
The range for this week is shown in the USD/CHF weekly chart above. The range has shifted downward and has narrowed. This week’s major announcements from the U.S. include Pending Home Sales on Monday Mar. 28th. The ADP Non-Farm Employment Change will also be released on Wednesday March 30th. The Unemployment Rate and the Non-Farm Employment Change will be announced by the Bureau of Labor Statistics on Friday April 1st.
Announcements from Switzerland include the KOF Economic Barometer which will be released Wednesday Mar. 30th. Retail Sales will be released on Friday April 1st.
The USD/CHF has been retracing from one of its lowest rates ever. Look for that trend to possibly continue despite the JPY possibly strengthening against the USD.