USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CHF and closed at 0.8830.
In Switzerland, the SVME purchasing managers’ index unexpectedly rose to a 33-month high reading of 57.6 in February, from a level of 56.1 registered in the preceding month.
In the Asian session, at GMT0400, the pair is trading at 0.8839, with the USD trading 0.10% higher from yesterday’s close.
The pair is expected to find support at 0.8805, and a fall through could take it to the next support level of 0.8772. The pair is expected to find its first resistance at 0.8858, and a rise through could take it to the next resistance level of 0.8878.
Amid lack of economic news from Switzerland, later today, traders would keep a tab on global economic news for further guidance in the pair.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
