USDCHF Movement
On Friday, the USD declined 0.82% against the CHF and closed at 0.9401.
In the Asian session, at GMT0300, the pair is trading at 0.9401, with the USD trading flat compared to Friday’s close.
The pair is expected to find support at 0.9329, and a fall through could take it to the next support level of 0.9256. The pair is expected to find its first resistance at 0.9475, and a rise through could take it to the next resistance level of 0.9549.
With no economic releases in Switzerland today, market participants look forward to the release of the nation’s ZEW survey data, scheduled on Wednesday to get better insights about the Swiss economy.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
