USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.67% against the CHF and closed at 1.0009 on Friday.
In the Asian session, at GMT0300, the pair is trading at 1.0013, with the USD trading a tad higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9972, and a fall through could take it to the next support level of 0.9930. The pair is expected to find its first resistance at 1.0070, and a rise through could take it to the next resistance level of 1.0126.
Ahead in the day, investors will keep a close watch on Switzerland’s producer and import prices for April.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
