USD/CHF: Swiss France trading lower in the Asian session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.52% against the CHF and closed at 0.9853 on Friday.

In the Asian session, at GMT0300, the pair is trading at 0.9858, with the USD trading 0.05% higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9811, and a fall through could take it to the next support level of 0.9763. The pair is expected to find its first resistance at 0.9897, and a rise through could take it to the next resistance level of 0.9935.

Trading trend in the Swiss Franc today is expected to be determined by the release of Switzerland’s total sight deposits for June, slated to release in few hours.

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

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