USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9665. The Swiss Franc lost ground, after consumer prices in Switzerland dropped 0.9% YoY, registering its steepest fall since June 2012 in March and compared to a 0.8% decline recorded in the previous month. Markets were expecting it to slid 1.1%.
In the Asian session, at GMT0300, the pair is trading at 0.9679, with the USD trading 0.14% higher from yesterday’s close.
The pair is expected to find support at 0.9622, and a fall through could take it to the next support level of 0.9566. The pair is expected to find its first resistance at 0.9710, and a rise through could take it to the next resistance level of 0.9741.
With no macroeconomic data in Switzerland today, investors look forward to the nation’s unemployment rate data, scheduled tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
