USDCHF Movement
On Friday, the USD rose 0.35% against the CHF and closed at 0.9878.
In the Asian session, at 4:00GMT, the USD is trading at 0.9869, 0.09% lower versus Swiss Franc, from Friday’s close.
The pair is expected to find support at 0.9841, and a fall through could take it to the next support level of 0.9814. The pair is expected to find its first resistance at 0.9891, and a rise through could take it to the next resistance level of 0.9913.
Investors would keep a close eye on the UBS Consumption Indicator which would give a broad picture of the consumer spending and domestic demand in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
