USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CHF and closed at 0.8993, as Friday’s dismal US jobs report continued to weigh on the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 0.9006, with the USD trading 0.14% higher from yesterday’s close.
The pair is expected to find support at 0.8978, and a fall through could take it to the next support level of 0.8950. The pair is expected to find its first resistance at 0.9042, and a rise through could take it to the next resistance level of 0.9078.
Amid lack of economic releases from Switzerland, during the later course of the day, traders are expected to keep a 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.
