USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CHF and closed at 0.9731.
On macro front, Switzerland’s industrial production declined 4.6% YoY in the first quarter, compared to drop of 3.3% in the prior quarter.
In the Asian session, at GMT0300, the pair is trading at 0.9719, with the USD trading 0.12% lower against the Swiss Franc from yesterday’s close.
The pair is expected to find support at 0.9699, and a fall through could take it to the next support level of 0.9679. The pair is expected to find its first resistance at 0.9758, and a rise through could take it to the next resistance level of 0.9797.
In absence of any major economic releases in Switzerland today, investors will look forward to global macroeconomic events.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
