USDCHF Movement
On Friday, the USD rose 0.28% against the CHF and closed at 0.9051, buoyed by the latest batch of strong economic data from the US economy.
In the Asian session, at GMT0400, the pair is trading at 0.9074, with the USD trading 0.25% higher from Friday’s close.
The pair is expected to find support at 0.9027, and a fall through could take it to the next support level of 0.8980. The pair is expected to find its first resistance at 0.9102, and a rise through could take it to the next resistance level of 0.9130.
Traders are expected to keep a tab on the Swiss SVME manufacturing purchasing managers’ index data, which is widely expected to register a rise in the month of January.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
