USD/CHF: Swiss Franc trading on a weaker footing, ahead of Switzerland’s SECO consumer confidence data

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 1.33% against the CHF and closed at 1.0051.

In the Asian session, at GMT0400, the pair is trading at 1.0053, with the USD trading marginally higher from yesterday’s close.

The pair is expected to find support at 0.9962, and a fall through could take it to the next support level of 0.9871. The pair is expected to find its first resistance at 1.0169, and a rise through could take it to the next resistance level of 1.0285.

Moving ahead, investors await the release of Switzerland’s SECO consumer climate data, set for release in a few hours.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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