USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CHF and closed at 0.9729.
In economic news, Switzerland’s trade surplus rose to a level of CHF4.1 billion in February, after posting a trade surplus of CHF3.5 billion in the previous month. Meanwhile, the nation’s exports rose 2.8%, while imports declined by 2.0%, on a monthly basis in February.
In the Asian session, at GMT0400, the pair is trading at 0.974, with the USD trading 0.11% higher from yesterday’s close.
The pair is expected to find support at 0.9704, and a fall through could take it to the next support level of 0.9669. The pair is expected to find its first resistance at 0.9758, and a rise through could take it to the next resistance level of 0.9777.
Going ahead, investors will look forward to Switzerland’s ZEW expectations index data for March, scheduled to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
