USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.62% against the CHF and closed at 0.9364.
On the macro front, Switzerland’s trade surplus narrowed to a 6-year low level of CHF1.32 billion in January, amid exports slid and imports surged. The nation had posted a surplus of CHF3.37 billion in the prior month.
In the Asian session, at GMT0400, the pair is trading at 0.9372, with the USD trading 0.09% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9325, and a fall through could take it to the next support level of 0.9278. The pair is expected to find its first resistance at 0.9397, and a rise through could take it to the next resistance level of 0.9422.
Amid no macroeconomic releases in the Switzerland today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
