USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally weakened against the CHF and closed at 0.9359.
In the Asian session, at GMT0300, the pair is trading at 0.9370, with the USD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 0.9350, and a fall through could take it to the next support level of 0.9330. The pair is expected to find its first resistance at 0.9387, and a rise through could take it to the next resistance level of 0.9404.
Amid lack of economic release from Switzerland, investors are expected to keep a close watch on global economic news for further direction.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
