USDCHF Movement
On Friday, the USD rose 0.26% against the CHF and closed at 1.0054, rebounding from its previous session losses.
In the Asian session, at GMT0400, the pair is trading at 1.0058, with the USD trading a tad higher from Friday’s close.
The pair is expected to find support at 1.0021, and a fall through could take it to the next support level of 0.9984. The pair is expected to find its first resistance at 1.0104, and a rise through could take it to the next resistance level of 1.0150.
Looking ahead, investors would keep a close eye on Swiss real retail sales data, scheduled in a few hours for further cues.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
