Contributors Fundamental Analysis USD/CHF: Swiss Franc Trading On A Strong Footing This Morning

USD/CHF: Swiss Franc Trading On A Strong Footing This Morning

For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 1.0091 on Friday.

In the Asian session, at GMT0400, the pair is trading at 1.0081, with the USD trading 0.1% lower against the CHF from Friday’s close.

The pair is expected to find support at 1.0056, and a fall through could take it to the next support level of 1.0032. The pair is expected to find its first resistance at 1.0121, and a rise through could take it to the next resistance level of 1.0162.

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

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