USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded marginally higher against the CHF and closed at 0.9463.
In the Asian session, at GMT0300, the pair is trading at 0.9472, with the USD trading 0.1% higher from yesterday’s close.
The pair is expected to find support at 0.9445, and a fall through could take it to the next support level of 0.9417. The pair is expected to find its first resistance at 0.9508, and a rise through could take it to the next resistance level of 0.9543.
Amid a lack of any economic news from Switzerland today, investors would shift their focus to Swiss KOF Leading Indicator, due in the next week.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
