USDCHF Movement
On Friday, the USD rose 0.68% against the CHF and closed at 0.9570.
In the Asian session, at GMT0300, the pair is trading at 0.9594, with the USD trading 0.25% higher from Friday’s close.
The pair is expected to find support at 0.9503, and a fall through could take it to the next support level of 0.9412. The pair is expected to find its first resistance at 0.9657, and a rise through could take it to the next resistance level of 0.9720.
Traders would tap Swiss real retail sales data scheduled to be released later in the day which is expected to fall for the month of March.
The currency pair is trading above its 20 Hr and its 50 Hr moving averages.
