USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.9302.
In the Asian session, at GMT0300, the pair is trading at 0.9301, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9269, and a fall through could take it to the next support level of 0.9237. The pair is expected to find its first resistance at 0.9331, and a rise through could take it to the next resistance level of 0.9361.
Later today, the scheduled Swiss producer and import prices is expected to slip in the negative territory in March.
Investors also await the SNB Vice-Chairman, Jean-Pierre Danthine speech today. Traders speculate that the Vice-Chairman would reiterate his stance of buying foreign currency in unlimited quantity to defend the Euro-Franc existing cap.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
