USDCHF Movement
On Friday, the USD declined 0.74% against the CHF and closed at 0.9403.
In economic news, the producer and import price index in Switzerland rose 0.1% annually in February, slower than the expected 0.3% growth and following a 0.8% rise recorded in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9440, with the USD trading 0.39% higher from Friday’s close.
The pair is expected to find support at 0.9388, and a fall through could take it to the next support level of 0.9335. The pair is expected to find its first resistance at 0.9484, and a rise through could take it to the next resistance level of 0.9527.
In Switzerland, the SECO economic forecasts is scheduled for release later today
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
