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


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.1% against the CHF and closed at 0.9987.

In the Asian session, at GMT0300, the pair is trading at 0.9993, with the USD trading 0.06% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9956, and a fall through could take it to the next support level of 0.9919. The pair is expected to find its first resistance at 1.0012, and a rise through could take it to the next resistance level of 1.0031.

Moving ahead, traders would concentrate on Switzerland’s UBS consumption indicator, ZEW expectations index and trade balance data, all due to release next week.

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

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