USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.62% against the CHF and closed at 0.9351.
In Switzerland, annual consumer price inflation fell to 0.6% in April, in line with market expectations and compared to the similar rate of drop recorded in the previous month. On a monthly basis, the CPI remained unchanged in April compared with forecast of 0.1% increase.
In the Asian session, at GMT0300, the pair is trading at 0.9340, with the USD trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 0.9315, and a fall through could take it to the next support level of 0.9291. The pair is expected to find its first resistance at 0.9386, and a rise through could take it to the next resistance level of 0.9433.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
