USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CHF and closed at 1.0172.
In the Asian session, at GMT0300, the pair is trading at 1.0183, with the USD trading 0.11% higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0141, and a fall through could take it to the next support level of 1.0098. The pair is expected to find its first resistance at 1.0212, and a rise through could take it to the next resistance level of 1.0240.
Trading trend in the Swiss Franc today is expected to be determined by Switzerland’s real retail sales for March and the Markit manufacturing PMI for April, set to release in a while.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
