USD/CHF: Swiss Franc continues to trade lower this morning

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD rose 0.28% against the CHF on Friday and closed at 0.9006.

In Switzerland, producer and import price index rose by 0.2% (M-o-M) in February from a 0.1% rise in January.

In the Asian session, at 4:00GMT, the pair is trading at 0.9050, 0.49% higher from the New York session close.

The pair has its first short term resistance at 0.9091, followed by the next resistance at 0.9131. The first area of support is at 0.8997 levels, with the subsequent support at 0.8943.

Trading trends in the pair today are expected to be determined by data release on M3 money supply in Switzerland.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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