USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.77% against the CHF, on Friday, and closed at 0.8486.
In Switzerland, the SVME Purchasing Manager Index declined to 53.4 points in June, in comparison with 59.2 points in May.
In the Asian session, at 3:00GMT, the pair is trading at 0.8468, 0.21% lower from Friday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8526, followed by the next resistance at 0.8583. The first area of support is at 0.8411 level, with the subsequent support at 0.8353.
Trading trends in the pair today are expected to be determined by date release on real retail sales in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
