USD/CHF: Swiss Franc trading a tad lower in the Asian session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.9679.

In the Asian session, at GMT0300, the pair is trading at 0.968, with the USD trading marginally higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9662, and a fall through could take it to the next support level of 0.9645. The pair is expected to find its first resistance at 0.9707, and a rise through could take it to the next resistance level of 0.9735.

With no macroeconomic releases in Switzerland today, market participants will focus on Switzerland’s inflation and jobs report, set to release next week.

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

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