For the 24 hours to 23:00 GMT, the USD declined 0.12% against the CHF and closed at 0.9942.
The Swiss Franc rose after the government maintained its growth outlook for the country.
According to the State Secretariat for Economic Affairs, the economy will grow 2.4% in 2018, in line with expectations. Meanwhile, the projection for 2019 was retained at 2.0%. Nevertheless, inflation outlook for this year was raised to 1.0% from 0.6%.
In the Asian session, at GMT0300, the pair is trading at 0.9952, with the USD trading 0.10% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9921, and a fall through could take it to the next support level of 0.9889. The pair is expected to find its first resistance at 0.9981, and a rise through could take it to the next resistance level of 1.0009.
With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic events for further direction
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
