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


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 1.0028 on Friday.

In the Asian session, at GMT0300, the pair is trading at 1.0023, with the USD trading 0.05% lower against the CHF from Friday’s close.

The pair is expected to find support at 1.0003, and a fall through could take it to the next support level of 0.9983. The pair is expected to find its first resistance at 1.0037, and a rise through could take it to the next resistance level of 1.0051.

Moving ahead, traders would await Switzerland’s producer & import prices for March, set to release in a while.

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

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