USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CHF and closed at 0.9409.
In economic news, seasonally adjusted unemployment rate in Switzerland came in at 3.1% (MoM) in April, unchanged from the previous month and in line with market expectations. Meanwhile, consumer climate in Switzerland improved to a reading of -5.0 in the first quarter of 2013 (1Q 2013), from a reading of -6.0 recorded in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9401, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9365, and a fall through could take it to the next support level of 0.9328. The pair is expected to find its first resistance at 0.9438, and a rise through could take it to the next resistance level of 0.9474.
The consumer price inflation data from Switzerland due to release later in the day is expected to generate market interest, which accounts for the majority of overall inflation.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
