The US dollar was seen weakening against the Swiss franc during the past session, as the USDCHF pair traded lower and tested the 0.9750 support area. The pair managed to hold the mentioned level and it looks like correcting higher in the near term. There is a major release lined up today, as the US retail sales data suggesting the total receipts of retail stores will be released by the US Census Bureau. The market is expecting the US retail sales to rise by 1.1% in March 2015. Let us see if the expectation is fulfilled or not in the near term. A miss might ignite losses in USDCHF.
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