USDCHF Movement
On Monday, for the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9152, after the Senate Republican leader, Mitch McConnell stated that lawmakers had reached agreement on the tax portion of a “fiscal cliff” deal.
In the Asian session, at GMT0400, the pair is trading at 0.9113, with the USD trading 0.42% lower from Monday’s close.
The pair is expected to find support at 0.9072, and a fall through could take it to the next support level of 0.9031. The pair is expected to find its first resistance at 0.9161, and a rise through could take it to the next resistance level of 0.9208.
The currency pair is trading below its 20 Hr and its 50 Hr moving averages.
