USDCHF Movement
On Friday, the USD declined 0.18% against the CHF and closed at 0.8920, following a dismal US industrial production data.
In the Asian session, at GMT0400, the pair is trading at 0.8910, with the USD trading 0.11% lower from Friday’s close.
The pair is expected to find support at 0.8894, and a fall through could take it to the next support level of 0.8878. The pair is expected to find its first resistance at 0.8932, and a rise through could take it to the next resistance level of 0.8954.
With no major economic news from Switzerland, market participants are expected to keep a close tab on global economic news for further guidance in the pair.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
