Into European action and the Franc was back under pressure as the mild Dollar rebound and the EUR/CHF buying forced USD/CHF slightly higher. Having pivoted the 1.22 mark in Asia spot rallied but Swiss sell interest into the 1.2210/15 area limited the run higher. As a result the price has since drifted between 1.2200 and 1.2210 as momentum wanes ahead of the Easter break.
However, position adjusting ahead of the US Employment report (due Tomorrow) is expected into the 4-Day break. Looking ahead, weekly jobless numbers (12:30 GMT) will hold extra importance while the 16:00 GMT release of the February Chicago Fed Manf. data is the only event-risk on the calendar intraday. Should the Dollar rally then more sellers in USD/CHF are seen into 1.2235/40.
Against the Euro the Franc has consolidated the overnight push back to a fresh historic low. 1.6320 printed in late NY trading with 1.6314 the Asian session high. Into Europe and key technical resistance is back in focus but Swiss and Tech accounts have sold into the highs to cap the cross at 1.6318.
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