USD/CHF: Switzerland’s economic expectations index rose in April


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 1.07% against the CHF and closed at 0.9741.

On the data front, Switzerland’s ZEW survey expectations climbed to 12.7 in April, compared to a reading of -45.8 in the previous month.

In the Asian session, at GMT0300, the pair is trading at 0.9753, with the USD trading 0.12% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9721, and a fall through could take it to the next support level of 0.9690. The pair is expected to find its first resistance at 0.9776, and a rise through could take it to the next resistance level of 0.9800.

Moving forward, investors would keep a watch on Switzerland’s real retail sales for March and the KOF leading indicator for April, slated to release in a few hours.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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