USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 0.9120.
In the Asian session, at GMT0400, the pair is trading at 0.9117, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9099, and a fall through could take it to the next support level of 0.9082. The pair is expected to find its first resistance at 0.9132, and a rise through could take it to the next resistance level of 0.9148.
Later today, the State Secretariat for Economic Affairs (SECO) is scheduled to release a report on Switzerland’s consumer climate, ahead of the Swiss Nation Bank’s (SNB) report on the nation’s foreign currency reserve.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
