USDCHF Movement
On Friday, the USD declined 0.09% against the CHF and closed at 0.9024, amid lingering speculation that the Fed might refrain from tapering its $85 billion asset purchase programme at its policy meeting later this month.
In the Asian session, at GMT0300, the pair is trading at 0.9032, with the USD trading 0.09% higher from Friday’s close.
The pair is expected to find support at 0.9012, and a fall through could take it to the next support level of 0.8991. The pair is expected to find its first resistance at 0.9045, and a rise through could take it to the next resistance level of 0.9057.
Amid lack of economic releases from Switzerland, market participants are expected to keep a close watch on global economic news for further guidance in the pair.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
