USDCHF Movement
For the 24 hours to 23:00 GMT on Friday, USD rose 0.49% against the CHF and closed at 0.9602.
In the US, the Commerce Department reported that the country’s trade deficit narrowed 4.9% in April to $50.1 billion, compared with market forecasts for $49.5 billion.
In the Asian session, at GMT0300, the pair is trading at 0.9516, with the USD trading 0.9% lower from Friday’s close.
The pair is expected to find support at 0.9443, and a fall through could take it to the next support level of 0.9371. The pair is expected to find its first resistance at 0.9623, and a rise through could take it to the next resistance level of 0.9730.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
