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Swiss Franc Trading Higher, Ahead Of Switzerland’s SVME-Purchasing Manag

Swiss Franc Trading Higher, Ahead Of Switzerland’s SVME-Purchasing Manag

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 1.13% against the CHF and closed at 0.9998.

In the Asian session, at GMT0400, the pair is trading at 0.999, with the USD trading 0.25% lower from Thursday’s close.

The pair is expected to find support at 0.9975, and a fall through could take it to the next support level of 0.9960. The pair is expected to find its first resistance at 1.0017, and a rise through could take it to the next resistance level of 1.0044.

Moving ahead, investors await Switzerland’s SVME-Purchasing manager’s index data for December, scheduled to be released in a few hours, for further cues.

The currency pair is trading between its 20 Hr and 50 Hr moving averages.

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