USDCHF Movement
For the 24 hours to 23:00 GMT, the USD remained flat against the CHF and closed at 1.0057 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.0063, with the USD trading 0.06% higher against the CHF from Friday’s close.
The pair is expected to find support at 1.0043, and a fall through could take it to the next support level of 1.0024. The pair is expected to find its first resistance at 1.0084, and a rise through could take it to the next resistance level of 1.0106.
Moving forward, investors would keep an eye on Switzerland’s total sight deposits, due to release in a while
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
