USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.03% against the CHF and closed at 0.993.
Macroeconomic data showed that Switzerland’s ZEW economic expectations index fell to a level of 22.2 in April, following a reading of 29.6 in the previous month. On the other hand, the nation’s UBS consumption indicator climbed to a level of 1.50 in March, after recording a revised level of 1.45 in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.9929, with the USD trading slightly lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9907, and a fall through could take it to the next support level of 0.9886. The pair is expected to find its first resistance at 0.9959, and a rise through could take it to the next resistance level of 0.9990.
Ahead in the day, investors will focus on Switzerland’s trade balance figures for March.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
