USDCHF Movement
On Friday, the USD declined 0.18% against the CHF and closed at 0.9522.
In the Asian session, at GMT0400, the pair is trading at 0.9497, with the USD trading 0.26% lower from Friday’s close.
The pair is expected to find support at 0.9475, and a fall through could take it to the next support level of 0.9452. The pair is expected to find its first resistance at 0.9534, and a rise through could take it to the next resistance level of 0.9570.
Amid lack of economic releases from Switzerland today, market participants await Swiss UBS consumption indicator data, scheduled tomorrow.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
