USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CHF and closed at 0.9748.
In economic news, Switzerland’s trade surplus narrowed to a level of CHF2.2 billion in March, compared to a revised trade surplus of CHF4.1 billion in the prior month. Meanwhile, the nation’s imports rose 9.3% and exports declined 1.1%, on a monthly basis in March.
In the Asian session, at GMT0300, the pair is trading at 0.9738, with the USD trading 0.1% lower from yesterday’s close.
The pair is expected to find support at 0.9671, and a fall through could take it to the next support level of 0.9604. The pair is expected to find its first resistance at 0.9781, and a rise through could take it to the next resistance level of 0.9825.
Amid no economic releases in Switzerland today, investors will look forward to the nation’s UBS consumption and KOF leading indicators, scheduled for release next week.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
