USDCHF Movement
On Friday, the USD declined 0.28% against the CHF and closed at 0.9604.
In the Asian session, at GMT0300, the pair is trading at 0.9619, with the USD trading 0.15% higher from Friday’s close.
The pair is expected to find support at 0.9553, and a fall through could take it to the next support level of 0.9487. The pair is expected to find its first resistance at 0.9689, and a rise through could take it to the next resistance level of 0.976.
Looking ahead, investors await the release of Switzerland’s KOF leading indicator data, scheduled in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
