USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.37% against the CHF and closed at 0.9899.
In the Asian session, at GMT0400, the pair is trading at 0.9913, with the USD trading 0.14% higher from Friday’s close.
The pair is expected to find support at 0.9878, and a fall through could take it to the next support level of 0.9843. The pair is expected to find its first resistance at 0.9958, and a rise through could take it to the next resistance level of 1.0003.
Going forward, investors would keep a close eye on Switzerland’s producer and import prices data, set for release in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
