USDCHF Movement
On Friday, the USD declined 0.75% against the CHF and closed at 0.9072.
In the Asian session, at GMT0400, the pair is trading at 0.9087, with the USD trading 0.17% higher from Friday’s close.
The pair is expected to find support at 0.9048, and a fall through could take it to the next support level of 0.9010. The pair is expected to find its first resistance at 0.9138, and a rise through could take it to the next resistance level of 0.9190.
Later today, the Swiss Statistics is scheduled to release a report on the nation’s employment level, which is widely expected to show that, on a quarterly basis, the number of employed people in the nation rose to 4.197 million in the third quarter, compared to previous quarter’s level of 4.166 million.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
