USD/CHF: Swiss Franc trading a tad lower in the morning session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 1.12% against the CHF and closed at 0.9819 on Friday.

Data indicated that Switzerland’s producer and import prices fell 1.0% on an annual basis in January, less than market expectations for a drop of 1.5% and compared to a decline of 1.7% in the previous month.

In the Asian session, at GMT0400, the pair is trading at 0.9823, with the USD trading slightly higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9805, 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 0.9834, and a rise through could take it to the next resistance level of 0.9845.

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

  Technical analysis of the GBP/USD pair for the week of Mar 30, 2020 to April 4, 2020 - Forex Alchemy

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