USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.52% against the CHF and closed at 0.8810.
In the US, the Federal Reserve Bank of Dallas stated that its general business activity index fell to a reading of 10.5 in April, compared to a reading of 11.5 recorded in the previous month.
In the Asian session, at 3:00GMT, the pair is trading at 0.8837, 0.31% higher from the New York session close.
The pair has its first short term resistance at 0.8885, followed by the next resistance at 0.8933. The first area of support is at 0.8779 levels, with the subsequent support at 0.8721.
Trading trends in the pair today are expected to be determined by release of UBS consumption indicator and trade balance in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and 50 Hr moving average.
