All eyes are on whether the Swiss franc, which has strengthened against the U.S. dollar, will maintain its momentum

All eyes are on whether the Swiss franc, which has strengthened against the U.S. dollar, will maintain its momentum

18.03.2025

In yesterday’s U.S. currency trading, the Canadian dollar rose against the yen despite the fact that Canada’s February housing starts, released yesterday, fell to 229,000 from 239,000 the previous month, missing the market forecast of 250,000. The CAD/JPY pair rose from 103.278 to 104.534, continuing its uptrend along the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the price has extended just below the 200-period EMA, and on the daily chart, it has already broken through the upper resistance zone of the 20-period MA, indicating that the downtrend has paused.

Among European currencies, the Swiss franc strengthened against the U.S. dollar. The USD/CHF pair fell from 0.8852 to 0.8797. A band walk along the -2σ line of the hourly Bollinger Bands was observed. On the 4-hour chart, the price broke below the 20-day moving average (MA), which had appeared to be providing support, with a real body candle, and on the daily chart, it is positioned just below the support line of the 200-day simple moving average (SMA).

Today’s economic indicators include Japan’s Tertiary Industry Activity Index at 1:30 p.m., the Eurozone ZEW Economic Sentiment Index and Germany’s ZEW Economic Sentiment Index at 7:00 p.m., and the Eurozone trade balance,at 21:30, the Canadian Consumer Price Index, U.S. Housing Starts, and U.S. Import Price Index; at 22:15, U.S. Industrial Production and U.S. Capacity Utilization; and at 02:00, a U.S. 20-year Treasury auction. We will be watching price movements during European trading hours to see if the Swiss franc, which has strengthened against the U.S. dollar, can maintain its momentum.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed