USDCHF Movement
For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 0.9865 on Friday.
In the Asian session, at GMT0400, the pair is trading at 0.9842, with the USD trading 0.23% lower against the CHF from Friday’s close.
The pair is expected to find support at 0.9819, and a fall through could take it to the next support level of 0.9795. The pair is expected to find its first resistance at 0.9887, and a rise through could take it to the next resistance level of 0.9931.
Moving ahead, traders would await Switzerland’s total sight deposits, scheduled to release in a while.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
