USD/CHF: Swiss Franc trading a tad lower, ahead of the SNB interest rate decision


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.79% against the CHF and closed at 0.9911.

In the Asian session, at GMT0400, the pair is trading at 0.9914, with the USD trading slightly higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9869, and a fall through could take it to the next support level of 0.9825. The pair is expected to find its first resistance at 0.9984, and a rise through could take it to the next resistance level of 1.0055.

Trading trend in the Swiss Franc today, is expected to be determined by the Swiss National Bank’s interest rate decision along with Switzerland’s M3 money supply for February, set to release in a while.

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

This entry was posted in USD/CHF. Bookmark the permalink.

Comments are closed.