USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8923.
In the Asian session, at GMT0300, the pair is trading at 0.8920, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 0.8908, 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 0.8929, and a rise through could take it to the next resistance level of 0.8937.
Amid lack of major economic releases from the Swiss economy traders are expected to keep a tab on global economic news for further guidance in the currency pair.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
