USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 0.9688.
In the Asian session, at GMT0300, the pair is trading at 0.9686, with the USD trading marginally lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9665, and a fall through could take it to the next support level of 0.9644. The pair is expected to find its first resistance at 0.9704, and a rise through could take it to the next resistance level of 0.9722.
Amid no economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic factors.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
