USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CHF and closed at 0.9345.
Yesterday, the Swiss National Bank reported that M3 money supply in Switzerland increased 9.9% in March, compared to a 9.8% rise reported in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9361, with the USD trading 0.17% higher from yesterday’s close.
The pair is expected to find support at 0.9329, and a fall through could take it to the next support level of 0.9298. The pair is expected to find its first resistance at 0.9382, and a rise through could take it to the next resistance level of 0.9404.
Later in the day, traders await for Swiss trade balance data for March.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
