During Friday’s trading session CAD/CHF traded within the range of 0.8099-0.8172 and closed at 0.8136.
At 6:27 GMT today CAD/CHF was gaining 0.01% for the day to trade at 0.8136. The pair touched a daily high at 0.8145 at 00:45 GMT.
Fundamental view
Retail Sales in Switzerland probably rose 2.3 in March, following a 1% increase in the previous month.
The index measures the change in the value of sales made by retailers in the country. The amount of sales includes indirect taxes, but without discounts. Revenue from wholesale and the provision of those services are not included. The study includes 850 different business activities. Dealers of vehicles are also included, with the exception of those selling motorcycles. This is the percentage change compared to the corresponding month of the previous year.
The Federal Statistical Office will publish an official report at 07:15 GMT.
Technical view
According to Binary Tribune’s daily analysis, in case CAD/CHF manages to breach the first resistance level at 0.8172, it will probably continue up to test 0.8209. In case the second key resistance is broken, the pair will probably attempt to advance to 0.8245.
If CAD/CHF manages to breach the first key support at 0.8099, it will probably continue to slide and test 0.8063. With this second key support broken, the movement to the downside will probably continue to 0.8026.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
