USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.58% against the CHF and closed at 0.9841 on Friday.
In the Asian session, at GMT0300, the pair is trading at 0.9847, with the USD trading 0.06% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9822, and a fall through could take it to the next support level of 0.9796. The pair is expected to find its first resistance at 0.9887, and a rise through could take it to the next resistance level of 0.9926.
Trading trend in the Swiss Franc today, is expected to be determined by Switzerland’s producer & import price index for June, slated to release in a while.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
