USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 1.21% against the CHF and closed at 0.9033, after Fed’s policymakers, Charles Evans and Richard Fisher highlighted their support for the central bank to continue with its asset-purchase programme for a longer time to assist recovery in the nation’s jobs markets.
In the Asian session, at GMT0300, the pair is trading at 0.9032, with the USD trading tad lower from yesterday’s close.
The pair is expected to find support at 0.8984, and a fall through could take it to the next support level of 0.8936. The pair is expected to find its first resistance at 0.9104, and a rise through could take it to the next resistance level of 0.9176.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
