USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.58% against the CHF and closed at 0.8792.
In the US, the housing starts declined to 0.523 million in April from 0.585 million in March. Additionally, the industrial production remained unchanged in April following 0.7% rise in the previous month.
In the Asian session, at 3:00GMT, the pair is trading at 0.8787, 0.06% lower from the New York session close.
The pair has its first short term resistance at 0.8853, followed by the next resistance at 0.8919. The first area of support is at 0.8751 levels, with the subsequent support at 0.8715.
With no major release from Switzerland, the pair is expected to trade on trends in the greenback.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
