USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 1.39% against the CHF and closed at 0.9274.
In the Asian session, at GMT0300, the pair is trading at 0.9264, with the USD trading 0.11% lower from yesterday’s close.
The pair is expected to find support at 0.9200, and a fall through could take it to the next support level of 0.9137. The pair is expected to find its first resistance at 0.9379, and a rise through could take it to the next resistance level of 0.9494.
Moving ahead, market participants will keep a close watch on Switzerland’s employment and inflation data, scheduled in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
