USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.72% against the CHF and closed at 0.9980.
In the Asian session, at GMT03400, the pair is trading at 1.0051, with the USD trading 0.71% higher from Friday’s close.
The pair is expected to find support at 0.9985, and a fall through could take it to the next support level of 0.9920. The pair is expected to find its first resistance at 1.0089, and a rise through could take it to the next resistance level of 1.0128.
Moving ahead, investors will look forward to Switzerland’s producer and import prices data for December, scheduled to be released tomorrow.
The currency pair is trading above its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
