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

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9645.

In the Asian session, at GMT0300, the pair is trading at 0.9633, with the USD trading 0.12% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9602, and a fall through could take it to the next support level of 0.9572. The pair is expected to find its first resistance at 0.9691, and a rise through could take it to the next resistance level of 0.975.

Moving ahead, traders would keep a close watch on Switzerland’s KOF leading indicator for May, slated to release in a few hours.

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

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