USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 0.9562.
In the Asian session, at GMT0300, the pair is trading at 0.9555, with the USD trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 0.9516, and a fall through could take it to the next support level of 0.9477. The pair is expected to find its first resistance at 0.9608, and a rise through could take it to the next resistance level of 0.9661.
Moving ahead, market participants will look forward to the release of Switzerland’s unemployment rate and consumer price index data, both for the month of March, due tomorrow.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
