USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CHF and closed at 0.9563.
On an annual basis, real retail sales in Switzerland dropped 0.9% in March, compared to a revised 2.3% growth recorded in the previous month. Market had expected a rise of 0.8%.
In the Asian session, at GMT0300, the pair is trading at 0.9535, with the USD trading 0.29% lower from yesterday’s close.
The pair is expected to find support at 0.9504, and a fall through could take it to the next support level of 0.9474. The pair is expected to find its first resistance at 0.9581, and a rise through could take it to the next resistance level of 0.9628.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
