USD/CHF: Swiss Franc trading lower, ahead of its ZEW’s economic survey

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9074

In the Asian session, at GMT0300, the pair is trading at 0.9078, with the USD trading marginally higher from yesterday’s close.

The pair is expected to find support at 0.9064, and a fall through could take it to the next support level of 0.9051. The pair is expected to find its first resistance at 0.9098, and a rise through could take it to the next resistance level of 0.9119.

Going forward, trading trends in the Swiss Franc would be determined by the ZEW economic survey readings from Switzerland, scheduled later in the day.

The currency pair is trading between its 20 Hr and 50 Hr moving averages.

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