USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9324.
On the economic front, unemployment rate in Switzerland remained unchanged at 3.1% in March, while consumer prices dropped 0.6% (YoY) in March, against market expectations for a 0.5% drop. Meanwhile, retail sales in the nation increased 2.4% (YoY) in February, faster than the revised 2.0% growth in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9317, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9293, and a fall through could take it to the next support level of 0.9270. The pair is expected to find its first resistance at 0.9354, and a rise through could take it to the next resistance level of 0.9392.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
