USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.66% against the CHF and closed at 0.9712.
In the Asian session, at GMT0400, the pair is trading at 0.9712, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 0.9642, and a fall through could take it to the next support level of 0.9572. The pair is expected to find its first resistance at 0.9789, and a rise through could take it to the next resistance level of 0.9867.
Amid a light economic calendar from Switzerland today, market participants await Swiss CPI coupled with the nation’s real retail sales data, scheduled next week on Monday.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
