USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CHF and closed at 0.9553.
Yesterday, data showed that the SNB’s sight deposits stood at CHF385.899 billion in the week ended 24 April, up from CHF383.984 billion the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9549, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 0.9499, and a fall through could take it to the next support level of 0.9450. The pair is expected to find its first resistance at 0.9592, and a rise through could take it to the next resistance level of 0.9635.
Looking ahead, investors await the release of Switzerland’s UBS consumption indicator data, scheduled tomorrow.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
