USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 0.9682.
On the macro front, Switzerland’s total sight deposits rose to a level of CHF637.2 billion in the week ended 17 April 2020, compared to a level of CHF634.1 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9709, with the USD trading 0.28% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9672, and a fall through could take it to the next support level of 0.9635. The pair is expected to find its first resistance at 0.9730, and a rise through could take it to the next resistance level of 0.9751.
Moving ahead, traders would keep an eye on Switzerland’s trade balance for March, slated to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
