USD/CHF: Swiss Franc extends its gains in the Asian session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CHF and closed at 0.9477.

On the economic front, Switzerland’s total sight deposits fell to a level of CHF575.9 billion in the week ended 09 March, compared to a level of CHF576.0 billion reported in the previous week.

In the Asian session, at GMT0400, the pair is trading at 0.9473, with the USD trading slightly lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9452, and a fall through could take it to the next support level of 0.9430. The pair is expected to find its first resistance at 0.9502, and a rise through could take it to the next resistance level of 0.9530.

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

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