USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.37% against the CHF and closed at 0.9341.
In the Asian session, at GMT0300, the pair is trading at 0.9332, with the USD trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 0.9243, and a fall through could take it to the next support level of 0.9154. The pair is expected to find its first resistance at 0.9405, and a rise through could take it to the next resistance level of 0.9478.
Going forward, investors await the release of Switzerland’s UBS consumption indicator data, scheduled in a few hours for further direction in the currency pair.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
