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.
