USD/CHF: Swiss Franc trading on a positive footing this morning


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.75% against the CHF and closed at 0.9566.

On the macro front, Switzerland’s consumer price index fell 0.1% on a yearly basis in February, compared to an advance of 0.2% in the previous month.

In the Asian session, at GMT0400, the pair is trading at 0.9561, with the USD trading 0.05% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9530, and a fall through could take it to the next support level of 0.9500. The pair is expected to find its first resistance at 0.9594, and a rise through could take it to the next resistance level of 0.9628.

Amid no macroeconomic releases in Switzerland today, investor sentiment would be governed by global macroeconomic factors.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

This entry was posted in USD/CHF. Bookmark the permalink.

Comments are closed.