For the 24 hours to 23:00 GMT, the USD rose 0.55% against the CHF and closed at 0.9142 on Friday.

On the data front, Switzerland’s real retail sales rose less-than-expected by 1.1% on a yearly basis in June, compared to a revised rise of 6.2% in the earlier month.

In the Asian session, at GMT0300, the pair is trading at 0.9145, with the USD trading marginally higher against the CHF from Friday’s close.

- advertisement -

The pair is expected to find support at 0.9079, and a fall through could take it to the next support level of 0.9012. The pair is expected to find its first resistance at 0.9189, and a rise through could take it to the next resistance level of 0.9232.

Moving ahead, traders would keep a watch on Switzerland’s consumer price index and the SVME Purchasing Managers’ Index, both for July, slated to release in a few hours.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.