USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 1.38% against the CHF and closed at 0.9614.
On the Swiss economic front, the UBS consumption indicator advanced to a reading of 1.46 in April.
In the Asian session, at GMT0300, the pair is trading at 0.9597, with the USD trading 0.18% lower from yesterday’s close.
The pair is expected to find support at 0.9532, and a fall through could take it to the next support level of 0.9466. The pair is expected to find its first resistance at 0.9727, and a rise through could take it to the next resistance level of 0.9856.
In Switzerland, the scheduled annual gross domestic product data is forecast to show a drop in the Q12013.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
