USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CHF and closed at 1.0076.
In the Asian session, at GMT0300, the pair is trading at 1.0056, with the USD trading 0.20% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0041, and a fall through could take it to the next support level of 1.0027. The pair is expected to find its first resistance at 1.0084, and a rise through could take it to the next resistance level of 1.0113.
Going forward, traders would closely monitor Switzerland’s retail sales real for April, slated to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
