USDCHF Movement
On Friday, the USD rose marginally against the CHF and closed at 0.8869.
In the Asian session, at GMT0300, the pair is trading at 0.8870, with the USD trading marginally higher from Friday’s close.
The pair is expected to find support at 0.8845, and a fall through could take it to the next support level of 0.8821. The pair is expected to find its first resistance at 0.8897, and a rise through could take it to the next resistance level of 0.8925.
Traders await the release of the Swiss KOF leading indicator, for further cues in the Swiss Franc.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
