USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.49% against the CHF and closed at 0.9376.
The Swiss Franc rose after consumer confidence in Switzerland rose more-than-expected to -8.0 in the three months to April, following a reading of -19.0 in the three months to January. Additionally, the Swiss National Bank reported that M3 money supply in Switzerland advanced 6.3% (YoY) in April, slower than the 6.6% rise in March.
In the Asian session, at GMT0300, the pair is trading at 0.9389, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.9359, and a fall through could take it to the next support level of 0.9328. The pair is expected to find its first resistance at 0.9429, and a rise through could take it to the next resistance level of 0.9469.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
