USD/CHF: Swiss ZEW economic expectations index deteriorated in April


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.41% against the CHF and closed at 0.9830.

Macroeconomic data indicated that Switzerland’s ZEW economic expectations index eased to a level of 7.2 in April, compared to a level of 16.7 in the previous month.

In the Asian session, at GMT0300, the pair is trading at 0.9830, with the USD trading flat against the CHF from yesterday’s close.

The pair is expected to find support at 0.9805, and a fall through could take it to the next support level of 0.9779. The pair is expected to find its first resistance at 0.9852, and a rise through could take it to the next resistance level of 0.9873.

The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

This entry was posted in USD/CHF. Bookmark the permalink.

Comments are closed.