USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.17% against the CHF and closed at 0.8984, hurt by a sluggish US retail sales and weekly jobless claims data.
In the Asian session, at GMT0300, the pair is trading at 0.8982, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.8964, and a fall through could take it to the next support level of 0.8945. The pair is expected to find its first resistance at 0.9007, and a rise through could take it to the next resistance level of 0.9031.
Amid a lack of major economic releases in Switzerland, traders are expected to keep a tab on global economic news, along with the US consumer sentiment data, for further guidance in the currency pair.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
