USD/CHF: Swiss Franc trading a tad lower in the morning session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CHF and closed at 0.9131 on Friday.

In the Asian session, at GMT0300, the pair is trading at 0.9134, with the USD trading slightly higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9105, and a fall through could take it to the next support level of 0.9077. The pair is expected to find its first resistance at 0.9160, and a rise through could take it to the next resistance level of 0.9187.

Moving forward, traders would keep a watch on Switzerland’s unemployment rate for July, slated to release in a few hours.

The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

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