USD/CHF: Swiss Franc trading flat in the Asian session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CHF and closed at 0.9922.

On the data front, Switzerland’s total sight deposits eased to a level of CHF575.9 billion in the week ended 22 March 2019, from CHF576.0 billion in the previous week.

In the Asian session, at GMT0400, the pair is trading at 0.9922, with the USD trading flat against the CHF from yesterday’s close.

The pair is expected to find support at 0.9905, and a fall through could take it to the next support level of 0.9888. The pair is expected to find its first resistance at 0.9944, and a rise through could take it to the next resistance level of 0.9966.

With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further directions.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

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

Comments are closed.