USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.9980 on Friday.
In the Asian session, at GMT0400, the pair is trading at 0.9973, with the USD trading 0.07% lower from Friday’s close.
The pair is expected to find support at 0.9949, and a fall through could take it to the next support level of 0.9926. The pair is expected to find its first resistance at 1.0017, and a rise through could take it to the next resistance level of 1.0062.
Market participants will now await the release of Switzerland’s KOF leading indicator for October, due to release in a few hours.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
