USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CHF and closed at 0.9510.
In economic news, Switzerland’s total sight deposits remained steady at a level of CHF575.9 billion in the week ended 16 March.
In the Asian session, at GMT0400, the pair is trading at 0.9516, with the USD trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 0.9490, and a fall through could take it to the next support level of 0.9465. The pair is expected to find its first resistance at 0.9546, and a rise through could take it to the next resistance level of 0.9577.
Moving ahead, investors would await Switzerland’s SECO economic forecast and trade balance data for February, both slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
