USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.07% against the CHF and closed at 0.8611, amid ongoing speculation that Switzerland’s central bank might raise interest rates to maintain price stability.
In the Asian session, at 3:00GMT, the pair is trading at 0.8598, 0.15% lower from the New York session close.
The pair has its first short term resistance at 0.8646, followed by the next resistance at 0.8695. The first area of support is at 0.8550 levels, with the subsequent support at 0.8503.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
