Contributors Fundamental Analysis USD/CHF: Swiss Franc Reverses Its Losses In The Asian Session

USD/CHF: Swiss Franc Reverses Its Losses In The Asian Session

For the 24 hours to 23:00 GMT, the USD rose 0.21% against the CHF and closed at 0.9978 on Friday.

In the Asian session, at GMT0400, the pair is trading at 0.9960, with the USD trading 0.18% lower against the CHF from Friday’s close.

The pair is expected to find support at 0.9936, and a fall through could take it to the next support level of 0.9913. The pair is expected to find its first resistance at 0.9985, and a rise through could take it to the next resistance level of 1.0011.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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