USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.03% against the CHF and closed at 0.9716.
In economic news, Switzerland’s ZEW economic expectations index advanced to a four-month high level of 11.5 in April, from a reading of 2.5 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9708, with the USD trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 0.9629, 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 0.9761, and a rise through could take it to the next resistance level of 0.9814.
Going ahead, investors will look forward to Switzerland’s trade balance data for March, scheduled to release in few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
