USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 1.0037.
On macro front, Switzerland’s producer and import price index eased 0.7% on a yearly basis in February, less than market expectations for a drop of 1.0%. The index had recorded a decline of 0.5% in the prior month.
In the Asian session, at GMT0400, the pair is trading at 1.0026, with the USD trading 0.11% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0013, and a fall through could take it to the next support level of 0.9999. The pair is expected to find its first resistance at 1.0046, and a rise through could take it to the next resistance level of 1.0065.
Looking forward, investors would keep an eye on Switzerland’s trade balance data, set to release next week.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
