USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 1.00% against the CHF and closed at 0.9044.
In Switzerland, the KOF economic barometer climbed to a reading of -0.12 in February, from an upwardly revised reading of -0.15 in January.
In the Asian session, at GMT0400, the pair is trading at 0.9039, with the USD trading 0.05% lower from yesterday’s close.
The pair is expected to find support at 0.8966, and a fall through could take it to the next support level of 0.8893. The pair is expected to find its first resistance at 0.9082, and a rise through could take it to the next resistance level of 0.9126.
Trading trends in the pair today are expected to be determined by the release of Gross Domestic Product (GDP) and SVME-Purchasing Managers Index (PMI) in Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
