USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.9196, on profit booking.
In the Asian session, at GMT0400, the pair is trading at 0.9204, with the USD trading 0.09% higher from yesterday’s close.
The pair is expected to find support at 0.9185, and a fall through could take it to the next support level of 0.9165. The pair is expected to find its first resistance at 0.9226, and a rise through could take it to the next resistance level of 0.9247.
Amid lack of economic data from Switzerland, traders are expected to keep a close tab on global economic news for further guidance in the pair.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
