USDCHF Movement
On Friday, the USD declined 1.14% against the CHF and closed at 0.9482.
In the Asian session, at GMT0300, the pair is trading at 0.9389, with the USD trading 0.98% lower from Friday’s close.
The pair is expected to find support at 0.9306, and a fall through could take it to the next support level of 0.9224. The pair is expected to find its first resistance at 0.9531, and a rise through could take it to the next resistance level of 0.9672.
Switzerland’s GDP figures as well as industrial production data for Q2, to be released later in the week, would be keenly awaited by the market players.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
