USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CHF and closed at 0.9923, after a mixed jobs data in the US complicated the outlook for the Fed’s next move.
In the Asian session, at GMT0400, the pair is trading at 0.9938, with the USD trading 0.15% higher from Friday’s close.
The pair is expected to find support at 0.9885, and a fall through could take it to the next support level of 0.9831. The pair is expected to find its first resistance at 0.9989, and a rise through could take it to the next resistance level of 1.0040.
Going forward, investors will look forward to Switzerland’s total sight deposits data, set to release in a few hours.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
