USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.9872.
In the Asian session, at GMT0300, the pair is trading at 0.9875, with the USD trading a tad higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9842, and a fall through could take it to the next support level of 0.9809. The pair is expected to find its first resistance at 0.9896, and a rise through could take it to the next resistance level of 0.9917.
Moving ahead, traders would focus on the release of Switzerland’s industrial output for Q1, due to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
