USDCHF Movement
On Friday, the USD declined 0.37% against the CHF and closed at 0.8949.
In the Asian session, at GMT0400, the pair is trading at 0.8949, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.8905, and a fall through could take it to the next support level of 0.8860. The pair is expected to find its first resistance at 0.8992, and a rise through could take it to the next resistance level of 0.9034.
Ahead in the week, traders would keep a watch on Switzerland’s UBS consumption indicator for December and KOF leading indicator for January.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
