USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.13% against the CHF and closed at 0.9326.
In Switzerland’s economic news, the ZEW survey indicator of economic expectations surged to a reading of 20.0 in April, compared to a reading of 2.3 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9313, with the USD trading 0.14% lower from yesterday’s close.
The pair is expected to find support at 0.9232, and a fall through could take it to the next support level of 0.9151. The pair is expected to find its first resistance at 0.9367, and a rise through could take it to the next resistance level of 0.9421.
Traders would keep a tap on the Swiss trade balance data scheduled for release later today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
