USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9555.
In economic news, M3 money supply in Switzerland rose 2.20% YoY in March. In the previous month, it had risen 2.30%.
In the Asian session, at GMT0300, the pair is trading at 0.9553, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9497, and a fall through could take it to the next support level of 0.9441. The pair is expected to find its first resistance at 0.9618, and a rise through could take it to the next resistance level of 0.9683.
Going forward investors await the release of Switzerland’s ZEW economic expectation survey, scheduled in a few hours to get better insight in the nation’s economy.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
