USDCHF Movement
On Friday, the USD declined 0.25% against the CHF and closed at 0.9337.
In the Asian session, at GMT0300, the pair is trading at 0.9342, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9318, and a fall through could take it to the next support level of 0.9293. The pair is expected to find its first resistance at 0.9368, and a rise through could take it to the next resistance level of 0.9393.
Going forward, investors would keep a close eye on the ZEW survey results, scheduled to release on Wednesday.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
