USD/CHF: Trading between its MA’s

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT on Friday, USD rose 0.05% against the CHF and closed at 0.9770.

In the Asian session, at GMT0300, the pair is trading at 0.9768, with the USD trading marginally lower from Friday’s close.

The pair is expected to find support at 0.9741, and a fall through could take it to the next support level of 0.9715. The pair is expected to find its first resistance at 0.9802, and a rise through could take it to the next resistance level of 0.9837.

With no major release from Switzerland, the pair is expected to trade on trends in the greenback.

The currency pair is trading between its 20 Hr and 50 Hr moving averages.

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