USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.62% against the CHF and closed at 0.7944.
The Swiss franc fell against the dollar on Thursday, amid rumours that the Swiss National Bank (SNB) was adding liquidity via the currency forwards market.
In the Asian session, at 3:00GMT, the pair is trading at 0.7940, marginally lower from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8002, followed by the next resistance at 0.8064. The first area of support is at 0.7866 level, with the subsequent support at 0.7792.
The currency pair is showing convergence with its 20 Hr and its 50 Hr moving averages.
