USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.87% against the CHF and closed at 0.9487.
In the Asian session, at GMT0400, the pair is trading at 0.9482, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9426, and a fall through could take it to the next support level of 0.9369. The pair is expected to find its first resistance at 0.9515, and a rise through could take it to the next resistance level of 0.9547.
Later in the day, the unemployment rate in Switzerland is expected to remain stable in February. Moreover, Swiss National Bank Chairman, Thomas Jordan’s speech is also keenly eyed by investors.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
