USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.38% against the CHF and closed at 0.9400.
On the data front, Switzerland’s total sight deposits remained steady at a level of CHF576.0 billion in the week ended 02 March.
In the Asian session, at GMT0400, the pair is trading at 0.9392, with the USD trading 0.09% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9361, and a fall through could take it to the next support level of 0.9329. The pair is expected to find its first resistance at 0.9416, and a rise through could take it to the next resistance level of 0.9439.
Ahead in the day, traders would eye Switzerland’s inflation figures for February, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
