USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.72% against the CHF and closed at 0.9668.
In economic news, Switzerland’s total sight deposits inched up to a level of CHF483.3 billion in the week ended 25 March, from CHF482.5 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9666, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9628, and a fall through could take it to the next support level of 0.9590. The pair is expected to find its first resistance at 0.9734, and a rise through could take it to the next resistance level of 0.9801.
Moving ahead, market participants will look forward to Switzerland’s UBS consumption and KOF leading indicators data, scheduled to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
