USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.21% against the CHF and closed at 0.9185.
In Switzerland, KOF Institute’s economic barometer showed a rise to a reading of 2.24 in March, the third consecutive monthly rise, from an upwardly revised reading of 2.19 in February.
In the Asian session, at 3:00GMT, the pair is trading at 0.9187, 0.02% higher from the New York session close.
The pair has its first short term resistance at 0.9252, followed by the next resistance at 0.9316. The first area of support is at 0.9147 levels, with the subsequent support at 0.9106.
With no major release from Switzerland, the pair is expected to trade on trends in the greenback.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
