USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.04% against the CHF and closed at 0.8957.
In Switzerland, producer & import prices, on yearly basis, advanced by 0.4% in March from a 0.5% increase in February.
In the US, on a monthly basis, retail sales rose by 0.4% in March, the ninth consecutive monthly increase, following an upwardly revised 1.1% gain recorded in the previous month.
In the Asian session, at 3:00GMT, the pair is trading flat at 0.8957 from the New York session close.
The pair has its first short term resistance at 0.8991, followed by the next resistance at 0.9025. The first area of support is at 0.8924 levels, with the subsequent support at 0.8891.
Trading trends in the pair today are expected to be determined by data release on ZEW survey – expectations in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
