USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.47% against the CHF and closed at 0.8801.
In the US, the Richmond Federal Reserve Bank indicated that its seasonally adjusted composite index of manufacturing activity fell to a reading of -6.0 in May, compared to a level of 10.0 recorded in April.
In the Asian session, at 3:00GMT, the pair is trading at 0.8793, 0.09% lower from the New York session close.
The pair has its first short term resistance at 0.8845, followed by the next resistance at 0.8897. The first area of support is at 0.8762 levels, with the subsequent support at 0.8731.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
