USDCHF Movement
On Friday the USD declined 0.30% against the CHF and closed at 0.9061, amid thin trading on account of a national holiday in Switzerland.
In the Asian session, at GMT0300, the pair is trading at 0.9064, with the USD trading tad higher from Friday’s close.
The pair is expected to find support at 0.9037, and a fall through could take it to the next support level of 0.9009. The pair is expected to find its first resistance at 0.9095, and a rise through could take it to the next resistance level of 0.9125.
Going forward investors today would be keeping a close eye on Swiss PMI data, scheduled later in the day.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
