USDCHF Movement
On Friday, the USD declined 0.93% against the CHF and closed at 0.9287. Swiss Franc was lifted as the SVME manufacturing purchasing managers’ index in Switzerland advanced to a reading of 57.4 in July, surpassing the expected reading of 52.5 and following a reading of 51.9 in June.
In the Asian session, at GMT0300, the pair is trading at 0.9299, with the USD trading 0.13% higher from Friday’s close.
The pair is expected to find support at 0.9251, and a fall through could take it to the next support level of 0.9204. The pair is expected to find its first resistance at 0.9368, and a rise through could take it to the next resistance level of 0.9438.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
