USD/CHF: Swiss Franc trading tad higher, ahead of Switzerland’s UBS consumption indicator data

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 0.9737, on the back of weak US economic data.

In the Asian session, at GMT0300, the pair is trading at 0.9733, with the USD trading marginally lower from yesterday’s close.

The pair is expected to find support at 0.9700, and a fall through could take it to the next support level of 0.9667. The pair is expected to find its first resistance at 0.9767, and a rise through could take it to the next resistance level of 0.9801.

Going ahead, investors will look forward to the release of Switzerland’s UBS consumption indicator data for March, due in a few hours.

The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.

This entry was posted in USD/CHF. Bookmark the permalink.

Comments are closed.