USDCHF Movement
On Friday, the USD declined 0.20% against the CHF and closed at 0.9290.
In Switzerland, an official report showed that producer and import prices in the nation edged up 0.2% (MoM) in August, at par with market expectation and compared to a 0.0% rise seen in the earlier month.
In the Asian session, at GMT0300, the pair is trading at 0.9241, with the USD trading 0.53% lower from Friday’s close.
The pair is expected to find support at 0.9203, and a fall through could take it to the next support level of 0.9166. The pair is expected to find its first resistance at 0.9310, and a rise through could take it to the next resistance level of 0.9380.
Amid no economic releases from Switzerland, traders are expected to take cues from global economic news for further guidance.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
