USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.26% against the CHF and closed at 0.9448.
In the Asian session, at GMT0300, the pair is trading at 0.9441, with the USD trading 0.07% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9414, and a fall through could take it to the next support level of 0.9386. The pair is expected to find its first resistance at 0.9475, and a rise through could take it to the next resistance level of 0.9508.
Moving forward, traders would keep a watch on Switzerland’s ZEW survey expectations for June, 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.
