USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CHF and closed at 1.0059, reversing its previous session gains.
In the Asian session, at GMT0400, the pair is trading at 1.0057, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 1.0014, and a fall through could take it to the next support level of 0.9970. The pair is expected to find its first resistance at 1.0097, and a rise through could take it to the next resistance level of 1.0136.
Going forward, market participants await Switzerland’s ZEW economic expectation data, scheduled in a few hours.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
