USDCHF Technical Analysis – April 14, 2021

The USD Swiss Franc fell on Tuesday, and the technical bias remains bearish due to lower lows in the recent downtrend.

The USD and Swiss Franc is currently trading near 0.92010, and multiple resistance levels can be found above, which may prevent further price increases.

  • Resistance Level 1: 0.92270
  • Resistance Level 2: 0.92600
  • Resistance Level 3: 0.93100

Below the price, multiple support levels can be found, and these levels may maintain the price above them.

  • Support Level 1: 0.91750
  • Support Level 2: 0.91350
  • Support Level 3: 0.90450

In terms of data, the US will release its monthly retail sales data for March on Thursday. The US is a large consumer country, and its retail sale data is an important economic indicator. This data shows whether consumers are willing to spend money. The higher the data, it will indicate more favorable for the US Dollar, so it is bullish for the currency pair and vice versa.

Viewing from the current price trend and economic development, it may be a good choice to sell the US-Swiss Franc currency pair near the current level.