USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CHF and closed at 0.9488. The Swiss Franc lost its appeal after Switzerland’s manufacturing PMI declined to a reading of 48.3 in March, lower than the expected reading of 50.2 and from a reading of 50.8 in February.
In the Asian session, at GMT0300, the pair is trading at 0.9503, with the USD trading 0.16% higher from yesterday’s close.
The pair is expected to find support at 0.9462, and a fall through could take it to the next support level of 0.9421. The pair is expected to find its first resistance at 0.9526, and a rise through could take it to the next resistance level of 0.9549.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
