USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.41% against the CHF and closed at 1.0111.
In the Asian session, at GMT0400, the pair is trading at 1.0114, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 1.0057, and a fall through could take it to the next support level of 0.9999. The pair is expected to find its first resistance at 1.0155, and a rise through could take it to the next resistance level of 1.0196.
Amid a light economic calendar in Switzerland today, investors would a keep a tab on the release of nation’s foreign currency reserves later today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
