USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9782.
In economic news, Switzerland’s total sight deposits inched up to a level of CHF575.4 billion in the week ended 20 April, from CHF575.1 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9782, with the USD trading flat against the CHF from yesterday’s close.
The pair is expected to find support at 0.9756, and a fall through could take it to the next support level of 0.9730. The pair is expected to find its first resistance at 0.9799, and a rise through could take it to the next resistance level of 0.9816.
Going ahead, market participants would eye Switzerland’s trade balance data for March, due to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
