In the Asian session, the cross is trading at 0.9230. The pair is expected to find support at 0.9183, and a fall through could take it to the next support level of 0.9134. The pair is expected to find its first resistance at 0.9305, and a rise through could take it to the next resistance level of 0.9378. Yesterday, the Swiss National Bank’s Vice President, Jean-Pierre Danthine, stated that the rise in property prices and increased leverage have put the Swiss economy into a state of high vulnerability. Meanwhile on economic front, Switzerland’s producer and import price index fell 0.3% annually in March, in line with market expectations and compared to a 0.1% rise recorded in the previous month. Switzerland’s ZEW expectations survey, due later today, is forecast to show some marked improvement in April.
EasyForexNews Research Team