USDCHF Movement
On Friday, the USD declined 0.34% against the CHF and closed at 0.9058.
On the macro level, the Swiss seasonally adjusted unemployment rate remained unchanged at 3.2% for the 13th time in July, as expected by the markets.
In the Asian session, at GMT0300, the pair is trading at 0.9061, with the USD trading marginally higher from Friday’s close.
The pair is expected to find support at 0.903, and a fall through could take it to the next support level of 0.9. The pair is expected to find its first resistance at 0.9093, and a rise through could take it to the next resistance level of 0.9126.
Going forward, investors today would be looking at the Swiss retail sales data, slated to release later in the day.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
