USD/CHF pair lowered during Monday trade session, as investors preferred to take their profits, after the expansion the US dollar had shown recently and in expectation of short-term exit of FEDs easing program.
The cross stood at 0.9676 during this mornings session in Europe, which was the lowest value for the session.
Support levels were expected at 0.9637-40, lowest value from May 17th, while the pair was to meet resistance at 0.9760, May 17th high.
Fridays session was marked by positive signals from US, regarding the rise of Preliminary University of Michigan Confidence Index during May, surpassing forecasts and previous period value. It increased to 83.7 points during May, while it stood at 76.4 points during the preceding period.
Alongside this data, a report came out and stated that Leading Indicators compound index registered an increase by 0.6% during April, outstripping estimates of 0.2% rise, and the revised drop by 0.2% during the previous month.
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