USDCHF Movement
For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 0.9958.
In economic news, Switzerland’s total sight deposits rose to a level of CHF569.1 billion in the week ended 21 April, from a level of CHF567.1 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9961, with the USD trading a tad higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9933, and a fall through could take it to the next support level of 0.9904. The pair is expected to find its first resistance at 0.9985, and a rise through could take it to the next resistance level of 1.0008.
With no economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic factors.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
