USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.67% against the CHF and closed at 0.9225, rebounding from its previous session losses.
In economic news, Switzerland’s SECO consumer confidence index remained unchanged at -6.0 in April, compared to market expectations of a fall to -11.00.
In the Asian session, at GMT0300, the pair is trading at 0.9238, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.9126, and a fall through could take it to the next support level of 0.9014. The pair is expected to find its first resistance at 0.9295, and a rise through could take it to the next resistance level of 0.9352.
Meanwhile, investors would closely monitor the speech from the SNB President, Thomas Jordan scheduled later in the day.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
