USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.8999.
In the Asian session, at GMT0300, the pair is trading at 0.8995, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.8978, and a fall through could take it to the next support level of 0.8962. The pair is expected to find its first resistance at 0.9012, and a rise through could take it to the next resistance level of 0.9030.
Amid lack of major economic releases in the Swiss economy, later today, traders are expected to keep a tab on global economic news, along with the US retail sales and weekly jobless claims data, for further guidance in the currency pair.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
