Yesterday, on March 22nd 2012, Switzerland published its report on external trade balance, import and export. As of February 2012, the country’s external trade surplus reached 2,68B francs.
According to the data provided by the Swiss Federal Statistical Office, the surplus has increased by 80% as compared to January’s readings (1,5B francs). The surplus turned out to be much higher than expected (2.6B versus 1.8B).
According to the Department of Masterforex-V Trading System , the Swiss Franc has suspended its strengthening against the US Dollar. A break below 0.9076 will continue the bearish wave А/В of Daily. The closest levels of support are located at 0.9070, 0.9025/14, 0.8978/76. A break above 0.9148 will continue forming the bullish wave А/В of Н2. The closest levels of resistance are 0.9152, 0.9177, 0.9253.
