USDCHF Movement
On Friday, the USD rose 0.34% against the CHF and closed at 0.9157.
In economic news, the producer and import price index in Switzerland eased 2.1% on a monthly basis in April, compared to an advance of 0.20% in the previous month. Market expectations were for it to drop 0.1%.
In the Asian session, at GMT0300, the pair is trading at 0.9178, with the USD trading 0.23% higher from Friday’s close.
The pair is expected to find support at 0.9109, and a fall through could take it to the next support level of 0.904. The pair is expected to find its first resistance at 0.9252, and a rise through could take it to the next resistance level of 0.9325.
Going forward, investors await the release of Switzerland’s real retail sales data, scheduled in a few hours, for further cues.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
