USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 1.0051.
In the Asian session, at GMT0400, the pair is trading at 1.0044, with the USD trading 0.07% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0032, and a fall through could take it to the next support level of 1.0020. The pair is expected to find its first resistance at 1.0056, and a rise through could take it to the next resistance level of 1.0068.
Moving ahead, investors would closely monitor Switzerland’s unemployment rate for February, 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.
