USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.72% against the CHF and closed at 0.9517.
The Swiss franc came under pressure, after Switzerland’s ZEW economic expectations index eased to a level of -5.40. In the previous month, the index had recorded a level of 0.10.
In the Asian session, at GMT0300, the pair is trading at 0.9530, with the USD trading 0.14% higher from yesterday’s close.
The pair is expected to find support at 0.9468, and a fall through could take it to the next support level of 0.9406. The pair is expected to find its first resistance at 0.9571, and a rise through could take it to the next resistance level of 0.9611.
Going forward, market participants await the release of Switzerland’s real retail sales data, set for release in a few hours, to get better insights of the Swiss economy.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
