USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9299.
In economic news, Swiss real retail sales rebounded 1.6% on an annual basis in April, compared to a revised drop of 2.4% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9300, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 0.9255, and a fall through could take it to the next support level of 0.9210. The pair is expected to find its first resistance at 0.9365, and a rise through could take it to the next resistance level of 0.9430.
Going forward, investors await the release of Switzerland’s SECO economic forecast data, scheduled in few hours for further cues.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
