USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.20% against the CHF and closed at 0.9346 on Friday.
In economic news, Swiss foreign currency reserves rose to CHF424.8 billion November, from CHF424.4 billion registered in October.
In the Asian session, at GMT0400, the pair is trading at 0.9362, with the USD trading 0.17% higher from Friday’s close.
The pair is expected to find support at 0.9327, and a fall through could take it to the next support level of 0.9293. The pair is expected to find its first resistance at 0.939, and a rise through could take it to the next resistance level of 0.9418.
With no key Switzerland economic releases in the day ahead, CHF is expected to ride on general market cues against the greenback.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
