USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.9905.
In the Asian session, at GMT0300, the pair is trading at 0.9896, with the USD trading 0.09% lower from Friday’s close.
The pair is expected to find support at 0.9882, 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 0.9917, and a rise through could take it to the next resistance level of 0.9939.
With no major economic releases in Switzerland today, market participants will look forward to the nation’s trade balance data for April, scheduled for release tomorrow.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
