USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.17% against the CHF and closed at 0.9127.
Swiss Franc fell after the Swiss National Bank stated that money supply growth in the nation eased in February.
In Switzerland, M3 money supply increased at a pace of 6.4% (YoY), slower than the 7.3% expansion in January, slowest pace since July 2011.
In the Asian session, at GMT0400, the pair is trading at 0.9113, with the USD trading 0.16% lower from yesterday’s close.
The pair is expected to find support at 0.9077, and a fall through could take it to the next support level of 0.9042. The pair is expected to find its first resistance at 0.9149, and a rise through could take it to the next resistance level of 0.9184.
Trading trends in the pair today are expected to be determined by the release of trade balance in Switzerland.
The currency pair is converging with its 20 Hr and 50 Hr moving averages.
