USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CHF and closed at 1.0039.
In the Asian session, at GMT0300, the pair is trading at 1.0035, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 1.0004, and a fall through could take it to the next support level of 0.9974. The pair is expected to find its first resistance at 1.0071, and a rise through could take it to the next resistance level of 1.0108.
Looking ahead, Switzerland’s consumer price inflation data for March, slated to release in a few hours, will garner a significant amount of market attention.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
