USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CHF and closed at 0.9971 on Friday.
In the Asian session, at GMT0300, the pair is trading at 0.9968, with the USD trading marginally lower against the CHF from Friday’s close.
The pair is expected to find support at 0.9916, and a fall through could take it to the next support level of 0.9863. The pair is expected to find its first resistance at 1.001, and a rise through could take it to the next resistance level of 1.0051.
Amid a lack of economic releases in Switzerland today, trading trend in the CHF is expected to be determined by global macroeconomic events.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
