USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.07% against the CHF and closed at 0.9741 on Friday.
In the Asian session, at GMT0300, the pair is trading at 0.9740, with the USD trading slightly lower against the CHF from Friday’s close.
The pair is expected to find support at 0.9710, and a fall through could take it to the next support level of 0.9681. The pair is expected to find its first resistance at 0.9786, and a rise through could take it to the next resistance level of 0.9833.
Looking ahead, investors would keep an eye on Switzerland’s total sight deposits, slated to release later today.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
