USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.9034.
On the other hand, Swiss Franc came under pressure after retail turnover growth in Switzerland slowed to 0.8% (YoY) in February, from 4.7% in January. Meanwhile, the SVME manufacturing Purchasing Managers Index (PMI) in Switzerland rose to 51.1 in March, compared to 49.0 in February.
In the Asian session, at GMT0300, the pair is trading at 0.9021, with the USD trading 0.14% lower from yesterday’s close.
The pair is expected to find support at 0.8991, and a fall through could take it to the next support level of 0.8962. The pair is expected to find its first resistance at 0.9061, and a rise through could take it to the next resistance level of 0.9101.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
