For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.9368.

On the macro front, Switzerland’s consumer price index (CPI) rose 0.6% on an annual basis in February, meeting market expectations and marking its weakest growth rate since August 2017. The CPI had advanced 0.7% in the previous month.

In the Asian session, at GMT0400, the pair is trading at 0.9371, with the USD trading slightly higher against the CHF from yesterday’s close.

- advertisement -

The pair is expected to find support at 0.9348, and a fall through could take it to the next support level of 0.9324. The pair is expected to find its first resistance at 0.9407, and a rise through could take it to the next resistance level of 0.9442.

With no key macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic events.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.


Please enter your comment!
Please enter your name here

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