USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CHF and closed at 0.9879.
In the Asian session, at GMT0400, the pair is trading at 0.9870, with the USD trading 0.09% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9805, and a fall through could take it to the next support level of 0.9739. The pair is expected to find its first resistance at 0.9928, and a rise through could take it to the next resistance level of 0.9985.
Going ahead, traders would await the release of Switzerland’s manufacturing PMI for December, set to release in a while.
The currency pair is trading in between its 20 Hr and 50 Hr moving averages.
