USDCHF Movement
On Friday, for the 24 hours to 23:00 GMT, USD rose 0.42% against the CHF and closed at 0.9234.
In Switzerland, retail sales were up 3.8% (M-o-M), compared to a 2% drop in January. On an annual basis, real retail sales rose 1.5% in February. Additionally, the Switzerland’s purchasing managers’ index dropped to 59.3 in March, its lowest mark since October of 2010, and compared to 63.5 in the previous month.
In the Asian session, at 3:00GMT, the pair is trading at 0.9240, 0.06% higher from the New York session close.
The pair has its first short term resistance at 0.9326, followed by the next resistance at 0.9412. The first area of support is at 0.9169 levels, with the subsequent support at 0.9098.
With no major release from Switzerland, the pair is expected to trade on trends in the greenback.
The currency pair is showing convergence with 50 Hr moving average and is trading just below its 20 Hr moving average.
