USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CHF and closed at 0.9136.
In the Asian session, at GMT0300, the pair is trading at 0.9148, with the USD trading 0.13% higher from yesterday’s close.
The pair is expected to find support at 0.9100, and a fall through could take it to the next support level of 0.9051. The pair is expected to find its first resistance at 0.9188, and a rise through could take it to the next resistance level of 0.9227.
Investors are expected to keep a tab on a report on Switzerland’s ZEW survey expectations, scheduled to release later during the day, for further direction in the Swiss Franc.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
