USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.34% against the CHF and closed at 0.8952, on concern election gains for Finland’s euro-skeptic bloc would prevent efforts by the region’s leaders to assist debt-laden nations.
In the Asian session, at 3:00GMT, the pair is trading at 0.8968, 0.18% higher from the New York session close.
The pair has its first short term resistance at 0.9012, followed by the next resistance at 0.9057. The first area of support is at 0.8912 levels, with the subsequent support at 0.8857.
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 and 50 Hr moving averages.
