USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.9025.
In the Asian session, at GMT0300, the pair is trading at 0.9026, with the USD trading tad higher from yesterday’s close.
The pair is expected to find support at 0.9016, and a fall through could take it to the next support level of 0.9005. The pair is expected to find its first resistance at 0.9035, and a rise through could take it to the next resistance level of 0.9043.
Amid a quiet week by way of Swiss data, trading trends in the Franc would be determined by external factors,
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
