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


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9812.

On the macro front, Switzerland’s total sight deposits fell to a level of CHF577.5 billion in the week ended 24 November, compared to a level of CHF577.6 billion reported in the previous week.

In the Asian session, at GMT0400, the pair is trading at 0.9815, with the USD trading marginally higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9789, and a fall through could take it to the next support level of 0.9763. The pair is expected to find its first resistance at 0.9831, and a rise through could take it to the next resistance level of 0.9847.

Amid no macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic factors.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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