FXO 23-05

There is just one to take note of for the day, as highlighted in bold.

That being for USD/CHF at 0.8975, which sits in between both the 100 and 200-hour moving averages at 0.8998 and 0.8973 respectively at the moment. That could see price action be more cornered in between those levels in the session ahead - before the expiries roll off - with the 0.9000 mark also limiting further upside in the pair in the short-term.

But just be wary that PMI data in Europe could be a trigger for dollar and bond market moves, which could have an added impact on price action in the coming session.

For more information on how to use this data, you may refer to this post here.