USDCHF Movement
On Friday, the USD rose 0.12% against the CHF and closed at 0.8920.
In the Asian session, at GMT0300, the pair is trading at 0.8923, with the USD trading marginally higher from Friday’s close.
The pair is expected to find support at 0.8901, and a fall through could take it to the next support level of 0.8878. The pair is expected to find its first resistance at 0.8950, and a rise through could take it to the next resistance level of 0.8976.
Market participants keenly await Switzerland’s consumer inflation and foreign currency reserves data, scheduled for release later today.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
