USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9908.
On the macro front, Switzerland’s KOF leading indicator advanced less-than-expected to a level of 105.3 in April, compared to a revised level of 105.1 in the previous month. Market participants had expected the index to rise to a level of 106.0.
Meanwhile, the nation’s total sight deposits fell to a level of CHF575.2 billion in the week ended 27 April, compared to a level of CHF575.4 billion reported in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9915, with the USD trading 0.07% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9885, and a fall through could take it to the next support level of 0.9855. The pair is expected to find its first resistance at 0.9933, and a rise through could take it to the next resistance level of 0.9951.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
