USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.28% against the CHF and closed at 0.9248. The Swiss Franc advanced following a rise in Swiss PMI and retail sales.
On the Swiss economic front, the SVME-PMI rose to a seasonally adjusted 48.5 in November, from a reading of 46.1 in October. Meanwhile, real retail sales edged up 2.7% (YoY) in October, against the expectations for a 3.8% growth.
In the Asian session, at GMT0400, the pair is trading at 0.9260, with the USD trading 0.13% higher from yesterday’s close.
The pair is expected to find support at 0.9244, and a fall through could take it to the next support level of 0.9228. The pair is expected to find its first resistance at 0.9274, and a rise through could take it to the next resistance level of 0.9287.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
