USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.9261, as lingering concerns over Fed’s stimulus decision weighed on the demand of the US Dollar.
In the Asian session, at GMT0300, the pair is trading at 0.9266, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9248, and a fall through could take it to the next support level of 0.9230. The pair is expected to find its first resistance at 0.9282, and a rise through could take it to the next resistance level of 0.9298.
Investors await the outcome of ZEW survey – expectations from the Switzerland economy, which the market expects to show a reading of 20.0 for September, compared to a reading of 7.2 registered in the previous month.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
