USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.94% against the CHF and closed at 0.8843, as investors sought the safest European assets before a meeting of finance ministers that would include discussions on Greece’s debt burden.
In the Asian session, at 3:00GMT, the pair is trading at 0.8849, 0.07% higher from the New York session close.
The pair has its first short term resistance at 0.8926, followed by the next resistance at 0.9002. The first area of support is at 0.8785 levels, with the subsequent support at 0.8720.
With no major release from Switzerland, the pair is expected to trade on trends in the greenback.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
