USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9793.
In the Asian session, at GMT0300, the pair is trading at 0.9791, with the USD trading marginally lower from Friday’s close.
The pair is expected to find support at 0.9742, and a fall through could take it to the next support level of 0.9692. The pair is expected to find its first resistance at 0.9843, and a rise through could take it to the next resistance level of 0.9894.
Going forward, investors would keep a close eye on Switzerland’s retail sales data, purchasing managers index data, the UBS consumption indicator and the KOF leading indicator, all scheduled to be released this week.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
