USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.28% against the CHF and closed at 0.9536.
The Swiss Franc strengthened, after Switzerland’s consumer price index (CPI) advanced in line with investor expectations by 0.3% MoM in March, following a 0.2% rise in the previous month. On the other hand, the nation’s seasonally adjusted unemployment rate rose to a level of 3.5% in March, in line with market expectations, from a level of 3.4% in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.9527, with the USD trading 0.1% lower from Friday’s close.
The pair is expected to find support at 0.9501, and a fall through could take it to the next support level of 0.9475. The pair is expected to find its first resistance at 0.9569, and a rise through could take it to the next resistance level of 0.9611.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
