USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.64% against the CHF and closed at 0.8914, following the release of a lacklustre US weekly jobless claims data.
In the Asian session, at GMT0300, the pair is trading at 0.8914, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.8869, and a fall through could take it to the next support level of 0.8823. The pair is expected to find its first resistance at 0.8999, and a rise through could take it to the next resistance level of 0.9083.
Looking ahead, traders would keep a close tab on Switzerland’s consumer inflation, industrial production and foreign currency reserves data, for further cues in the Swiss Franc.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
