USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CHF and closed at 0.9585.
In economic news, Switzerland’s SVME manufacturing PMI unexpectedly rose to a level of 53.2 in March, from a reading of 51.6 in the previous month, while investors were anticipating it to ease to a level of 51.2. On the contrary, the nation’s real retail sales declined for the seventh consecutive month, dropping by 0.2% YoY in February, after registering a revised fall of 0.1% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9582, with the USD trading marginally lower from Friday’s close.
The pair is expected to find support at 0.9549, and a fall through could take it to the next support level of 0.9516. The pair is expected to find its first resistance at 0.9621, and a rise through could take it to the next resistance level of 0.9661.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
