USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CHF and closed at 0.9325. Trading in the pair remained subdued as the US economic calendar was thin and Switzerland had no major releases yesterday.
In the Asian session, at GMT0300, the pair is trading at 0.9330, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9301, and a fall through could take it to the next support level of 0.9271. The pair is expected to find its first resistance at 0.9371, and a rise through could take it to the next resistance level of 0.9411.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
