USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.8835.
In economic news, the Swiss SVME – purchasing managers’ index fell to a three-month low reading of 54.4 in March, more than analysts’ call for a fall to 56.7, from previous month’s level of 57.6.
In the Asian session, at GMT0300, the pair is trading at 0.8829, with the USD trading 0.07% lower from yesterday’s close.
The pair is expected to find support at 0.8812, and a fall through could take it to the next support level of 0.8796. The pair is expected to find its first resistance at 0.8847, and a rise through could take it to the next resistance level of 0.8866.
Amid lack of major economic releases from Switzerland, later today, traders are expected to eye global economic news for further cues in the pair.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
