USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9068.
In economic news, the Swiss manufacturing activity rose to a 3-month high to 54.3, higher than market expectations from a reading of 53.1. It had registered a level of 54.0 a month ago.
In the Asian session, at GMT0300, the pair is trading at 0.9069, with the USD trading 0.01% higher from yesterday’s close.
The pair is expected to find support at 0.9059, and a fall through could take it to the next support level of 0.9048. The pair is expected to find its first resistance at 0.9077, and a rise through could take it to the next resistance level of 0.9084.
Amid no major economic releases from Switzerland going forward in the week, all eyes would be set on the release of the Swiss unemployment rate, due on Friday.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
