USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 1.0008 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.0005, with the USD trading marginally lower from Friday’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 0.992. The pair is expected to find its first resistance at 1.0036, and a rise through could take it to the next resistance level of 1.0068.
Investors will now look forward to Switzerland’s inflation figures for October, set to release in a few hours, for further cues.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
