USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.16% against the CHF and closed at 0.9458.
Yesterday, Switzerland’s trade surplus narrowed to CHF1.90 billion in March, compared to a revised surplus of CHF2.00 billion posted in the previous month. Additionally, exports rose 5.1% (MoM) to CHF16.95 billion in March, while imports rose 2.0% (MoM) to CHF 15.05 billion in March.
In the Asian session, at GMT0300, the pair is trading at 0.9456, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9367, and a fall through could take it to the next support level of 0.9278. The pair is expected to find its first resistance at 0.9505, and a rise through could take it to the next resistance level of 0.9554.
In a key economic data scheduled to be release today, the UBS consumption indicator would be watched by investors.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
