For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CHF and closed at 1.0027.
On the data front, Switzerland’s consumer price index (CPI) advanced less-than-anticipated by 0.2% on a monthly basis in April, compared to a gain of 0.4% in the prior month, while markets were expecting for a rise of 0.3%.
In the Asian session, at GMT0300, the pair is trading at 1.0027, with the USD trading flat against the CHF from yesterday’s close.
The pair is expected to find support at 0.9989, and a fall through could take it to the next support level of 0.9950. The pair is expected to find its first resistance at 1.0061, and a rise through could take it to the next resistance level of 1.0094.
Moving ahead, investors would look forward to Switzerland’s unemployment rate data for April, due in a few hours
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
