USDCHF Movement
On Friday, the USD rose 0.76% against the CHF and closed at 0.8869.
In the Asian session, at GMT0300, the pair is trading at 0.8872, with the USD trading a tad higher from Friday’s close.
The pair is expected to find support at 0.8822, and a fall through could take it to the next support level of 0.8773. The pair is expected to find its first resistance at 0.8900, and a rise through could take it to the next resistance level of 0.8929.
Later today, the Swiss Federal Statistical Office is expected to publish a report on Switzerland’s real retail sales for March.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
