USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 1.0038.
In economic news, Switzerland’s total sight deposits declined to a level of CHF576.8 billion in the week ended 24 May 2019, from CHF578.3 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 1.0046, with the USD trading 0.08% higher against the CHF from yesterday’s close.
The pair is expected to find support at 1.0023, and a fall through could take it to the next support level of 1.0000. The pair is expected to find its first resistance at 1.0066, and a rise through could take it to the next resistance level of 1.0086.
Trading trends in the Swiss Franc today, is expected to be determined by Switzerland’s gross domestic product for the first quarter 2019 and trade balance data for April, set to release in a while.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
