USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CHF and closed at 1.0121.
In the Asian session, at GMT0400, the pair is trading at 1.0108, with the USD trading 0.13% lower against the CHF from yesterday’s close.
The pair is expected to find support at 1.0087, and a fall through could take it to the next support level of 1.0067. The pair is expected to find its first resistance at 1.0137, and a rise through could take it to the next resistance level of 1.0167.
Ahead in the day, market participants will keep a close watch on Switzerland’s ZEW survey for economic expectations, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
