USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.9708.
In economic news, Switzerland’s total sight deposits inched up to a level of CHF482.5 billion in the week ended 18 March, from CHF481.3 billion in the previous week
In the Asian session, at GMT0400, the pair is trading at 0.969, with the USD trading 0.19% lower from yesterday’s close.
The pair is expected to find support at 0.9665, and a fall through could take it to the next support level of 0.964. The pair is expected to find its first resistance at 0.9723, and a rise through could take it to the next resistance level of 0.9756.
Moving ahead, investors await the release of Switzerland’s trade balance data for February, due in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
