USDCHF Movement
On Friday, the USD rose 0.22% against the CHF and closed at 0.8960.
In the Asian session, at GMT0300, the pair is trading at 0.8950, with the USD trading 0.11% lower from Friday’s close.
The pair is expected to find support at 0.8924, and a fall through could take it to the next support level of 0.8898. The pair is expected to find its first resistance at 0.8976, and a rise through could take it to the next resistance level of 0.9002.
With no major economic releases from Switzerland, later today, traders would eye global economic news for further guidance in the currency pair.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
