USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CHF and closed at 1.0175.
On the data front, Switzerland’s consumer price index (CPI) advanced 0.2% on a monthly basis in April, at par market expectations. In the previous month, the CPI had advanced 0.5%.
In the Asian session, at GMT0300, the pair is trading at 1.0171, with the USD trading a tad lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0150, and a fall through could take it to the next support level of 1.0128. The pair is expected to find its first resistance at 1.0195, and a rise through could take it to the next resistance level of 1.0218.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
