For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 1.0092.

In the Asian session, at GMT0300, the pair is trading at 1.0083, with the USD trading 0.09% lower against the CHF from yesterday’s close.

The pair is expected to find support at 1.0060, and a fall through could take it to the next support level of 1.0037. The pair is expected to find its first resistance at 1.0113, and a rise through could take it to the next resistance level of 1.0143.

- advertisement -

Looking forward, investors would focus on Switzerland’s industrial production data for 1Q, slated to release in a while.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.