USD/CHF: Swiss Franc trading on a weaker footing this morning

USD/CHF: Swiss Franc trading on a weaker footing this morning

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 1.26% against the CHF and closed at 0.9759.

In the Asian session, at GMT0400, the pair is trading at 0.9774, with the USD trading 0.15% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9750, and a fall through could take it to the next support level of 0.9726. The pair is expected to find its first resistance at 0.9799, and a rise through could take it to the next resistance level of 0.9824.

Ahead in the day, market participants would keep a close watch on Switzerland’s ZEW expectations survey for February.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

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  Daily Market Outlook, March 06, 2020 

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