USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CHF and closed at 0.9930.
In the Asian session, at GMT0300, the pair is trading at 0.9938, with the USD trading 0.08% higher from yesterday’s close.
The pair is expected to find support at 0.9897, and a fall through could take it to the next support level of 0.9856. The pair is expected to find its first resistance at 0.9964, and a rise through could take it to the next resistance level of 0.9990.
Moving ahead, investors will look forward to Switzerland’s Q1 GDP, real retail sales and the
SVME – purchasing managers’ index data, all scheduled to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
