USD/CHF: Swiss Franc trading slightly higher this morning


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CHF and closed at 0.9978.

In the Asian session, at GMT0300, the pair is trading at 0.9974, with the USD trading a tad lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9954, and a fall through could take it to the next support level of 0.9933. The pair is expected to find its first resistance at 0.9997, and a rise through could take it to the next resistance level of 1.0019.

With no macroeconomic releases scheduled in Switzerland today, investors would direct their attention to Switzerland’s inflation and unemployment rate data, both due next week.

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

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