USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.34% against the CHF and closed at 0.8990, as a deadlock in the political resolution of a US government shut down sparked fresh concerns on the economic growth of the US.
In the Asian session, at GMT0300, the pair is trading at 0.8984, with the USD trading 0.07% lower from yesterday’s close.
The pair is expected to find support at 0.8956, and a fall through could take it to the next support level of 0.8928. The pair is expected to find its first resistance at 0.9023, and a rise through could take it to the next resistance level of 0.9062.
With no economic releases from Switzerland, traders are expected to keep a close watch on global economic news to get further guidance in the pair.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
