USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CHF and closed at 1.0106.
In the Asian session, at GMT0300, the pair is trading at 1.0103, with the USD trading a tad lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0077, and a fall through could take it to the next support level of 1.0052. The pair is expected to find its first resistance at 1.0119, and a rise through could take it to the next resistance level of 1.0136.
Going forward, traders would closely monitor Switzerland’s trade balance data for March, slated to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
