USD/CHF: Swiss Franc reverses its gains in the morning session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.93% against the CHF and closed at 0.9637.

The Swiss Franc jumped against the USD, as excessive geopolitical fears surrounding North Korea lured investors to the safe-haven appeal of the currency.

In the Asian session, at GMT0300, the pair is trading at 0.9655, with the USD trading 0.19% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9607, and a fall through could take it to the next support level of 0.9559. The pair is expected to find its first resistance at 0.9708, and a rise through could take it to the next resistance level of 0.9761.

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

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