USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.8944, as traders cheered the latest batch of strong US manufacturing and housing data.
In the Asian session, at GMT0300, the pair is trading at 0.8949, with the USD trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 0.8930, and a fall through could take it to the next support level of 0.8912. The pair is expected to find its first resistance at 0.8960, and a rise through could take it to the next resistance level of 0.8972.
With no major economic releases from the Swiss economy, later today, traders are monitoring global economic news for further guidance in the currency pair.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
