USDCHF Movement
On Friday, the USD rose marginally against the CHF and closed at 0.8927.
In the Asian session, at GMT0400, the pair is trading at 0.8932, with the USD trading 0.06% higher from Friday’s close.
The pair is expected to find support at 0.8894, and a fall through could take it to the next support level of 0.8856. The pair is expected to find its first resistance at 0.8968, and a rise through could take it to the next resistance level of 0.9004.
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 moving average and is trading just above its 50 Hr moving average.
