USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CHF and closed at 0.9631.
In the Asian session, at GMT0300, the pair is trading at 0.9661, with the USD trading 0.31% higher from yesterday’s close.
The pair is expected to find support at 0.9605, and a fall through could take it to the next support level of 0.9550. The pair is expected to find its first resistance at 0.9702, and a rise through could take it to the next resistance level of 0.9744.
Today’s data from Switzerland includes trade balance for April which is expected to show that trade surplus in the nation narrowed for the month. Also, the Swiss quarterly employment level is expected to deteriorate in the first quarter of 2013.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
