USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CHF and closed at 0.9297.
In the Asian session, at GMT0300, the pair is trading at 0.9298, with the USD trading modestly lower from yesterday’s close.
The pair is expected to find support at 0.9272, and a fall through could take it to the next support level of 0.9246. The pair is expected to find its first resistance at 0.9325, and a rise through could take it to the next resistance level of 0.9352.
Swiss Franc would ride on back of cues stemming from release of Switzerland’s KOF leading indicator and UBS consumption indicator.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
