USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.44% against the CHF and closed at 0.9732.
In the Asian session, at GMT0300, the pair is trading at 0.9731, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.9627, and a fall through could take it to the next support level of 0.9522. The pair is expected to find its first resistance at 0.9789, and a rise through could take it to the next resistance level of 0.9847.
With no economic releases in Switzerland today, market participants await the release of the nation’s UBS consumption and the KOF leading indicator’s data, scheduled to be released next week to gauge the strength in the Swiss economy.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
