USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.17% against the CHF and closed at 0.9477.
In the Asian session, at GMT0300, the pair is trading at 0.9473, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9409, and a fall through could take it to the next support level of 0.9346. The pair is expected to find its first resistance at 0.9536, and a rise through could take it to the next resistance level of 0.9600.
In the absence of any major macro economic news, investors shall closely track the Reuters/Michigan consumer sentiment index data and the producer price index data scheduled for release later today in the US.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
