USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.42% against the CHF and closed at 0.9913.
On the data front, Switzerland’s SVME–purchasing managers’ index (PMI) declined more-than-anticipated to a level of 57.4 in April, compared to a level of 58.6 in the previous month, whereas markets anticipated for a fall to a level of 58.2.
In the Asian session, at GMT0300, the pair is trading at 0.9911, with the USD trading slightly lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9891, and a fall through could take it to the next support level of 0.987. The pair is expected to find its first resistance at 0.9947, and a rise through could take it to the next resistance level of 0.9982.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
