USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.45% against the CHF, on Friday, and closed at 0.9074. The Swiss Franc gained after Swiss KOF leading indicator rose to 0.40 in April, compared to 0.09 in previous month, ahead of market expectations of 0.26 in April.
In the Asian session, at GMT0300, the pair is trading at 0.9076, with the USD trading marginally higher from Friday’s close.
The pair is expected to find support at 0.9041, and a fall through could take it to the next support level of 0.9006. The pair is expected to find its first resistance at 0.9122, and a rise through could take it to the next resistance level of 0.9169.
The currency pair is showing convergence with its 20 Hr and is trading below its 50 Hr moving average.
