USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.53% against the CHF and closed at 0.9421.
The Swiss Franc lost ground after Switzerland’s ZEW economic expectations index eased to -73.00 in February, compared to a reading of -10.80 in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9415, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 0.9358, and a fall through could take it to the next support level of 0.9301. The pair is expected to find its first resistance at 0.9463, and a rise through could take it to the next resistance level of 0.9511.
Meanwhile, investors await the release of Switzerland’s trade balance data, scheduled in few hours for further cues.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
