USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9790.
On the data front, Switzerland’s trade surplus unexpectedly narrowed to CHF1.8 billion in March, confounding market expectations for it to widen to 3.2 billion and compared to a surplus of 3.1 billion in the preceding month.
In the Asian session, at GMT0300, the pair is trading at 0.9803, with the USD trading 0.13% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9777, and a fall through could take it to the next support level of 0.9751. The pair is expected to find its first resistance at 0.9820, and a rise through could take it to the next resistance level of 0.9837.
Ahead in the day, traders would await Switzerland’s ZEW expectations index for April.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
