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Swiss Franc Trading On A Stronger Footing In The Asian Session

Swiss Franc Trading On A Stronger Footing In The Asian Session

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.9946.

In the Asian session, at GMT0400, the pair is trading at 0.9922, with the USD trading 0.25% lower from Friday’s close.

The pair is expected to find support at 0.9893, and a fall through could take it to the next support level of 0.9864. The pair is expected to find its first resistance at 0.9964, and a rise through could take it to the next resistance level of 1.0006.

Moving ahead, market participants will look forward to Switzerland’s trade balance data for November scheduled to be released tomorrow.

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

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