USDCHF Movement
On Friday, the USD declined 0.28% against the CHF and closed at 0.9155, as the Fed incoming Chief, Janet Yellen’s dovish comments delivered to the Senate Banking Committee on Thursday continue to weigh on the demand for the greenback and following a lacklustre US economic data released on Friday.
In the Asian session, at GMT0400, the pair is trading at 0.9147, with the USD trading 0.09% lower from Friday’s close.
The pair is expected to find support at 0.9120, and a fall through could take it to the next support level of 0.9094. The pair is expected to find its first resistance at 0.9183, and a rise through could take it to the next resistance level of 0.9220.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
