USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.28% against the CHF and closed at 0.8925, as investors refrained from taking bets in the greenback following the release of a weak US employment data on Tuesday.
In the Asian session, at GMT0300, the pair is trading at 0.8918, with the USD trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 0.8896, and a fall through could take it to the next support level of 0.8875. The pair is expected to find its first resistance at 0.8953, and a rise through could take it to the next resistance level of 0.8989.
Amid lack of economic releases from Switzerland, market participants are expected to keep a tab of global economic news for further guidance in the pair.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
