USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.31% against the CHF and closed at 0.9655.
In the Asian session, at GMT0300, the pair is trading at 0.9662, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9563, and a fall through could take it to the next support level of 0.9463. The pair is expected to find its first resistance at 0.9719, and a rise through could take it to the next resistance level of 0.9775.
The Swiss producer and import prices scheduled for release today is expected to slip into negative territory in April. Also, the ZEW survey of economic expectations in Switzerland is awaited for insights into the economic conditions in the nation
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
