USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 1.0092.
In the Asian session, at GMT0300, the pair is trading at 1.0083, with the USD trading 0.09% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0060, and a fall through could take it to the next support level of 1.0037. The pair is expected to find its first resistance at 1.0113, and a rise through could take it to the next resistance level of 1.0143.
Looking forward, investors would focus on Switzerland’s industrial production data for 1Q, slated to release in a while.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
