USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CHF and closed at 0.9913 on Friday.
In the Asian session, at GMT0300, the pair is trading at 0.9907, with the USD trading 0.06% lower against the CHF from Friday’s close.
The pair is expected to find support at 0.9883, and a fall through could take it to the next support level of 0.9858. The pair is expected to find its first resistance at 0.9931, and a rise through could take it to the next resistance level of 0.9954.
Looking ahead, investors would await Switzerland’s total sight deposit figures along with producer & import prices for September, both scheduled to release in a while.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
