USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CHF and closed at 0.9134, as uncertainty over an upcoming Senate vote for a budget deal, spurred demand for the safe-haven US Dollar.
In the Asian session, at GMT0300, the pair is trading at 0.9137, with the USD trading slightly higher from yesterday’s close.
The pair is expected to find support at 0.9110, and a fall through could take it to the next support level of 0.9084. The pair is expected to find its first resistance at 0.9151, and a rise through could take it to the next resistance level of 0.9166.
Investors await Switzerland’s UBS consumption indicator report, scheduled to release later during the day, for further cues.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
