USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 0.9948.
In the Asian session, at GMT0300, the pair is trading at 0.9950, with the USD trading slightly higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9929, and a fall through could take it to the next support level of 0.9909. The pair is expected to find its first resistance at 0.9968, and a rise through could take it to the next resistance level of 0.9987.
Trading trend in the Swiss Franc today is expected to be determined by Switzerland’s unemployment rate for September, slated to release in a while.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
