USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9645.
In the Asian session, at GMT0300, the pair is trading at 0.9633, with the USD trading 0.12% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9602, and a fall through could take it to the next support level of 0.9572. The pair is expected to find its first resistance at 0.9691, and a rise through could take it to the next resistance level of 0.975.
Moving ahead, traders would keep a close watch on Switzerland’s KOF leading indicator for May, slated to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
