USDCHF Movement
For the 24 hours to 23:00 GMT, the USD ended flat against the CHF and closed at 0.8925.
In the Asian session, at GMT0300, the pair is trading at 0.8913, with the USD trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 0.8891, and a fall through could take it to the next support level of 0.8868. The pair is expected to find its first resistance at 0.8935, and a rise through could take it to the next resistance level of 0.8956.
Amid lack of economic releases from Switzerland, market participants are expected to keep a tab on global economic news for further guidance in the pair.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
