USDCHF Movement
On Friday, the USD declined marginally against the CHF and closed at 0.9467.
In the Asian session, at GMT0300, the pair is trading at 0.9465, with the USD trading marginally lower from Friday’s close.
The pair is expected to find support at 0.9431, and a fall through could take it to the next support level of 0.9397. The pair is expected to find its first resistance at 0.9507, and a rise through could take it to the next resistance level of 0.9549.
Later today, Switzerland is scheduled to report its producer and import prices data, wherein investors hope to see a rise in June.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
