USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.80% against the CHF and closed at 0.9309.
In economic news, the Center for European Economic Research (ZEW) and Credit Suisse revealed that the Economic Expectations Index in Switzerland increased by 21.2 points to a reading of 0.0 in March, rising significantly for the third consecutive month.
In the Asian session, at GMT0400, the pair is trading at 0.9313, with the USD trading 0.04% higher from yesterday’s close.
The pair is expected to find support at 0.9256, and a fall through could take it to the next support level of 0.9199. The pair is expected to find its first resistance at 0.9353, and a rise through could take it to the next resistance level of 0.9392.
Trading trends in the pair today are expected to be determined by the release of Swiss National Bank (SNB) rate decision and SECO economic forecasts in Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving average.
