USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CHF and closed at 1.0085.
In economic news, Switzerland’s producer and import prices dropped 0.6% on a yearly basis in April, more than market expectations for a drop of 0.4% and compared to a fall of 0.2% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.0085, with the USD trading flat against the CHF from yesterday’s close.
The pair is expected to find support at 1.0063, and a fall through could take it to the next support level of 1.0040. The pair is expected to find its first resistance at 1.0102, and a rise through could take it to the next resistance level of 1.0118.
With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further direction.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
