USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9960.
In economic news, Switzerland’s consumer price index surprisingly advanced for the first time in four months, after it rose by 0.2% MoM in February, compared to a fall of 0.4% in the previous month. Investors expected it to drop by 0.1%. Additionally, the nation’s seasonally adjusted unemployment rate unexpectedly remained steady at 3.4% in February, compared to market expectations for it to climb to 3.5%.
In the Asian session, at GMT0400, the pair is trading at 0.9979, with the USD trading 0.19% higher from yesterday’s close.
The pair is expected to find support at 0.9925, and a fall through could take it to the next support level of 0.9870. The pair is expected to find its first resistance at 1.0010, and a rise through could take it to the next resistance level of 1.0040.
Amid no economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
