USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.09% against the CHF and closed at 0.9136.
On the economic front, Swiss trade surplus widened to CHF2.7 billion in February, compared to CHF1.5 billion in January and against the market expectation of CHF1.8 billion surplus.
In the Asian session, at GMT0400, the pair is trading at 0.9129, with the USD trading 0.07% lower from yesterday’s close.
The pair is expected to find support at 0.9090, and a fall through could take it to the next support level of 0.9051. The pair is expected to find its first resistance at 0.9173, and a rise through could take it to the next resistance level of 0.9218.
Trading trends in the pair today are expected to be determined by KOF Institute Economic Forecast data in Switzerland.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
