USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.34% against the CHF and closed at 0.9105.
In economic news, trade surplus in Switzerland narrowed to CHF1.7 billion in March, from a revised surplus of CHF2.6 billion in February. Market expected the trade surplus to narrow to CHF2.59 billion in March. The Swiss UBS consumption indicator rose to 1.22 in March, compared to 0.90 in February.
In the Asian session, at GMT0300, the pair is trading at 0.9105, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.9084, and a fall through could take it to the next support level of 0.9063. The pair is expected to find its first resistance at 0.9134, and a rise through could take it to the next resistance level of 0.9162.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
