USDCHF Movement
On Friday, the USD rose 0.78% against the CHF and closed at 0.9686.
In the Asian session, at GMT0300, the pair is trading at 0.9682, with the USD trading slightly lower from Friday’s close.
The pair is expected to find support at 0.9570, and a fall through could take it to the next support level of 0.9457. The pair is expected to find its first resistance at 0.975, and a rise through could take it to the next resistance level of 0.9818.
Amid no economic releases in Switzerland today, market participants would concentrate on the Swiss trade balance data, scheduled tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
