USDCHF Movement
For the 24 hours to 23:00 GMT on Friday, the USD declined 0.26% against the CHF and closed at 0.9071, as Switzerland’s SVME PMI climbed to a reading of 52.5 in January, against the expected reading of 50.5 and from a revised reading of 49.2 in December.
In the Asian session, at GMT0400, the pair is trading at 0.9089, with the USD trading 0.20% higher from Friday’s close.
The pair is expected to find support at 0.9037, and a fall through could take it to the next support level of 0.8984. The pair is expected to find its first resistance at 0.9126, and a rise through could take it to the next resistance level of 0.9162.
The currency pair is trading above its 20 Hr and showing convergence with its 50 Hr moving average.
