USDCHF Movement
On Friday, the USD rose 1.17% against the CHF and closed at 0.9850, on the back of stronger than expected non-farm and jobless rate data in the US.
On the macro front, the CPI in Switzerland unexpectedly eased 0.3% MoM in February, less than market expectations for an unchanged reading. Consumer prices had recorded a drop of 0.4% in the prior month.
In the Asian session, at GMT0400, the pair is trading at 0.9866, with the USD trading 0.16% higher from Friday’s close.
The pair is expected to find support at 0.9768, and a fall through could take it to the next support level of 0.9670. The pair is expected to find its first resistance at 0.9918, and a rise through could take it to the next resistance level of 0.9970.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
