USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.34% against the CHF and closed at 0.8873, amid lingering uncertainty over Fed’s pace of stimulus measures.
In the Asian session, at GMT0400, the pair is trading at 0.8873, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.8847, and a fall through could take it to the next support level of 0.8821. The pair is expected to find its first resistance at 0.8902, and a rise through could take it to the next resistance level of 0.8931.
With no major economic release from Switzerland, market participants eye global economic news for further guidance in the pair.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
