USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.80% against the CHF and closed at 0.8843.
In the Asian session, at 3:00GMT, the pair is trading at 0.8846, 0.03% higher from the New York session close.
In Switzerland, the M3 money supply, on an annual basis, rose 6.9% in April, following a revised 6.8% growth recorded in the previous month. Meanwhile, on an annual basis, the M2 indicator rose 7.5% in April, following a 7.8% increase recorded in the previous month.
The pair has its first short term resistance at 0.8899, followed by the next resistance at 0.8953. The first area of support is at 0.8786 levels, with the subsequent support at 0.8727.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
