USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CHF and closed at 0.9877 on Friday.
In the Asian session, at GMT0300, the pair is trading at 0.9881, with the USD trading marginally higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9862, 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 0.9910, and a rise through could take it to the next resistance level of 0.9939.
Ahead in the day, market participants would look forward to Switzerland’s KOF leading indicator data for April.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
