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 U.S. currency trading yesterday, 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, falling short of market expectations of 250,000.The CAD/JPY pair rose from 103.278 to 104.534. The uptrend along the 20-period moving average (MA) on the hourly chart continued. On the 4-hour chart, the price has extended just below the 200-period exponential moving average (EMA), and on the daily chart, it has already broken through the upper resistance zone formed by 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. The price moved along the -2σ line of the hourly Bollinger Bands.On the 4-hour chart, the price has broken below the 20-MA—which had appeared to be providing support—with a real-body candle, and on the daily chart, it is positioned just below the 200-SMA support line.

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 26:00, the 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.