USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.10% against the CHF and closed at 0.8914.
In the Asian session, at GMT0400, the pair is trading at 0.8934, with the USD trading 0.22% higher from yesterday’s close.
The pair is expected to find support at 0.8914, and a fall through could take it to the next support level of 0.8895. The pair is expected to find its first resistance at 0.8945, and a rise through could take it to the next resistance level of 0.8957.
The release of the KOF Leading Indicator and the SVME – Purchasing Managers’ Index from Switzerland tomorrow are awaited to provide a measure of improvement in economic activity in the nation.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
