USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.13% against the CHF and closed at 0.8708, rebounding from its previous session losses.
In the Asian session, at GMT0400, the pair is trading at 0.8705, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.8569, and a fall through could take it to the next support level of 0.8433. The pair is expected to find its first resistance at 0.8797, and a rise through could take it to the next resistance level of 0.8889.
Amid no economic releases in Switzerland today, investors await Swiss UBS consumption indicator data, slated to release next week.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
