USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.67% against the CHF and closed at 0.8414.
In the US, the wholesale inventories increased by 0.8% (M-o-M) in April, compared to an upwardly revised 1.3% gain recorded in March.
In the Asian session, at 3:00GMT, the pair is trading at 0.8402, 0.14% lower from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8449, followed by the next resistance at 0.8496. The first area of support is at 0.8353 levels, with the subsequent support at 0.8304.
The currency pair is trading between its 20 Hr and its 50 Hr moving averages.
