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 0.16% against the CHF and closed at 0.9705.

In the Asian session, at GMT0300, the pair is trading at 0.9718, with the USD trading 0.13% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9691, and a fall through could take it to the next support level of 0.9664. The pair is expected to find its first resistance at 0.9752, and a rise through could take it to the next resistance level of 0.9786.

Moving ahead, traders will eye Switzerland’s KOF leading indicator data for September, due to release in a few hours.

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

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

Comments are closed.