USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.9908 on Friday.
In the Asian session, at GMT0300, the pair is trading at 0.9913, with the USD trading 0.05% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9891, and a fall through could take it to the next support level of 0.9869. The pair is expected to find its first resistance at 0.9942, and a rise through could take it to the next resistance level of 0.9971.
Moving ahead, investors would closely monitor Switzerland’s KOF leading indicator for September, 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.
