USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 1.15% against the CHF and closed at 0.8891.
In the US, the existing home sales, on annual basis, increased by 3.7% to an annual rate of 5.10 million in March, compared to a revised figure of 4.92 million recorded in February.
In the Asian session, at 3:00GMT, the pair is trading at 0.8877, 0.16% lower from the New York session close.
The pair has its first short term resistance at 0.8957, followed by the next resistance at 0.9038. The first area of support is at 0.8824 levels, with the subsequent support at 0.8772.
Trading trends in the pair today are expected to be determined by release of data on money supply in Switzerland.
The currency pair is trading just below its 20 Hr moving average and well below its 50 Hr moving average.
