USDCHF Daily forecast
USDCHF is trading slightly higher today. On Friday we saw the Swiss SVNE manufacturing PMI rising to 53.2 above previous reading of 51.6 while the market was expecting 51.2. Retail sales on the other hand declined again to -0.2 from -0.1, 0.5 was expected.
The pair is trading below the 21 and 55 day moving average and is expect to find support at 0.95500 and resistance at 0.96600. Further downside momentum is expected below 0.95500 towards 0.94793 major psychological level.