USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.60% against the CHF and closed at 1.0031.
Data showed that Switzerland’s industrial output unexpectedly rose 4.3% on an annual basis in 1Q19, following a similar rise in the previous quarter.
In the Asian session, at GMT0300, the pair is trading at 1.0038, with the USD trading 0.07% higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0008, and a fall through could take it to the next support level of 0.9979. The pair is expected to find its first resistance at 1.0083, and a rise through could take it to the next resistance level of 1.0129.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
