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


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CHF and closed at 0.9317.

On the data front, Switzerland’s total sight deposits nudged down to a level of CHF574.7 billion in the week ended 02 February, after recording a level of CHF575.0 billion in the previous week.

In the Asian session, at GMT0400, the pair is trading at 0.9309, with the USD trading 0.09% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9272, and a fall through could take it to the next support level of 0.9236. The pair is expected to find its first resistance at 0.9361, and a rise through could take it to the next resistance level of 0.9414.

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

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