In the Asian session, at GMT0300, the pair is trading at 0.9916, with the USD trading a tad lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9852, and a fall through could take it to the next support level of 0.9787. The pair is expected to find its first resistance at 0.9958, and a rise through could take it to the next resistance level of 0.9999.
Ahead in the day, market participants will closely watch Switzerland’s ZEW survey of expectations index for March, the UBS consumption indicator for February as well as the KOF spring economic forecast report.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
