USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CHF and closed at 0.9374.
In the Asian session, at GMT0300, the pair is trading at 0.9374, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.9344, and a fall through could take it to the next support level of 0.9315. The pair is expected to find its first resistance at 0.9413, and a rise through could take it to the next resistance level of 0.9453.
In the absence of any major economic data due in Switzerland today, movement in the pair shall be determined by the scheduled US consumer confidence data, which largely expected to record an improvement in April.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
