USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.55% against the CHF, on Friday, and closed at 0.9010.
The Swiss National Bank Governing Board member, Jean-Pierre Danthine stated that the Swiss central bank is ready to act further on the Swiss franc after introducing a limit on the currency versus the euro in September.
In the Asian session, at GMT0400, the pair is trading at 0.9005, with the USD trading 0.06% lower from Friday’s close.
The pair is expected to find support at 0.8944, and a fall through could take it to the next support level of 0.8884. The pair is expected to find its first resistance at 0.9074, and a rise through could take it to the next resistance level of 0.9144.
Trading trends in the pair today are expected to be determined by release of data on producer and import prices in Switzerland.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
