USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.79% against the CHF and closed at 0.8654.
In Switzerland, trade surplus declines to CHF 1.516 billion in April from CHF 0.997 billion in March. Meanwhile, the employment level, on quarterly basis, rose to 4.11 million in the first quarter of 2011 from 4.04 million in the first quarter of 2010.
In the Asian session, at 3:00GMT, the pair is trading at 0.8612, 0.49% lower from the New York session close.
The pair has its first short term resistance at 0.8687, followed by the next resistance at 0.8762. The first area of support is at 0.8572 levels, with the subsequent support at 0.8532.
Trading trends in the pair today are expected to be determined by release of KOF leading indicator in Switzerland.
The currency pair is trading below its 20 Hr and its 50 Hr moving averages.
