USD/CHF: Swiss Franc trading on a weaker footing in the morning session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CHF and closed at 0.9697.

In the Asian session, at GMT0400, the pair is trading at 0.9704, with the USD trading 0.07% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9684, and a fall through could take it to the next support level of 0.9665. The pair is expected to find its first resistance at 0.9721, and a rise through could take it to the next resistance level of 0.9739.

Ahead in the day, market participants would keep a close watch on Switzerland’s exports, imports and trade balance numbers for December.

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

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