USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.26% against the CHF and closed at 0.9913.
In the Asian session, at GMT0300, the pair is trading at 0.9919, with the USD trading 0.06% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9879, and a fall through could take it to the next support level of 0.9839. The pair is expected to find its first resistance at 0.9960, and a rise through could take it to the next resistance level of 1.0001.
Moving forward, traders would await Switzerland’s unemployment rate for May, set to release in a while.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving average.
