USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.66% against the CHF and closed at 0.9730 on Friday.
In the Asian session, at GMT0300, the pair is trading at 0.9736, with the USD trading 0.06% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9704, and a fall through could take it to the next support level of 0.9671. The pair is expected to find its first resistance at 0.9787, and a rise through could take it to the next resistance level of 0.9837.
With no major economic data in Switzerland today, market participants will look forward to Swiss trade balance figures for April, scheduled to release tomorrow.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
