USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CHF and closed at 0.8966.
In the Asian session, at GMT0300, the pair is trading at 0.8974, with the USD trading 0.09% higher from yesterday’s close.
The pair is expected to find support at 0.8951, and a fall through could take it to the next support level of 0.8929. The pair is expected to find its first resistance at 0.8996, and a rise through could take it to the next resistance level of 0.9019.
With no major economic releases from Switzerland, later today, traders are expected to keep a tab on global economic news, along with the US service sector PMI and the ADP employment data, for further cues in the currency pair.
The currency pair is trading just above its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
