USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 1.34% against the CHF and closed at 0.8416. Swiss franc rose, as strong economic data in Switzerland boosted investor sentiment.
In Switzerland, the purchasing managers’ index rose to 59.2 in May, up from 58.4 in April. The real retail sales rose by 7.5% (Y-o-Y) in April 2011 compared to decline by 0.2% in March.
In the Asian session, at 3:00GMT, the pair is trading at 0.8428, 0.14% higher from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8521, followed by the next resistance at 0.8615. The first area of support is at 0.8356 levels, with the subsequent support at 0.8285.
The currency pair is trading between its 20 Hr and its 50 Hr moving averages.
