For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CHF and closed at 0.9896 on Friday.
In the Asian session, at GMT0400, the pair is trading at 0.9877, with the USD trading 0.19% lower against the CHF from Friday’s close.
The pair is expected to find support at 0.9851, 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 0.9923, and a rise through could take it to the next resistance level of 0.9969.
Moving forward, traders would await Switzerland’s unemployment rate for November scheduled to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.