USDCHF Movement
On Friday, the USD rose 0.15% against the CHF and closed at 0.8920.
In the Asian session, at GMT0300, the pair is trading at 0.8914, with the USD trading 0.07% lower from Friday’s close.
The pair is expected to find support at 0.8899, and a fall through could take it to the next support level of 0.8885. The pair is expected to find its first resistance at 0.8927, and a rise through could take it to the next resistance level of 0.8941.
Amid lack of Swiss economic releases, later today, market participants are expected to keep a tab on global economic news for further guidance in the currency pair.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
