USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 0.9975.
In the Asian session, at GMT0300, the pair is trading at 0.9946, with the USD trading 0.29% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9928, and a fall through could take it to the next support level of 0.9911. The pair is expected to find its first resistance at 0.9978, and a rise through could take it to the next resistance level of 1.0011.
Looking forward, traders will focus on Switzerland’s KOF leading indicator for June, set to release in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
