USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9942.
In the Asian session, at GMT0400, the pair is trading at 0.9936, with the USD trading 0.06% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9912, and a fall through could take it to the next support level of 0.9888. The pair is expected to find its first resistance at 0.9957, and a rise through could take it to the next resistance level of 0.9978.
Looking forward, investors would await Switzerland’s producer & import prices for December, 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.
