USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.9478.
In the Asian session, at GMT0400, the pair is trading at 0.9453, with the USD trading 0.26% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.943, and a fall through could take it to the next support level of 0.9408. The pair is expected to find its first resistance at 0.9495, and a rise through could take it to the next resistance level of 0.9538.
Looking forward, investors would keep a close watch on Switzerland’s ZEW expectations index and KOF leading indicator data, both due to release next week.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
