USD/CHF: Swiss Franc trading marginally higher in Asian session

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD rose 0.96% against the CHF, on Friday, and closed at 0.8929.

In Switzerland, the producer and import prices rose by 0.3% in April, compared to 0.4% rise recorded in March.

In the Asian session, at 3:00GMT, the pair is trading at 0.8926, 0.03% lower from the New York session close.

The pair has its first short term resistance at 0.8986, followed by the next resistance at 0.9046. The first area of support is at 0.8830 levels, with the subsequent support at 0.8734.

The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.

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