USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.86% against the CHF and closed at 0.9226, following stronger than expected initial jobless claims data in the US.
In the Asian session, at GMT0400, the pair is trading at 0.921, with the USD trading 0.17% lower from yesterday’s close.
The pair is expected to find support at 0.9108, and a fall through could take it to the next support level of 0.9006. The pair is expected to find its first resistance at 0.9282, and a rise through could take it to the next resistance level of 0.9355.
Looking ahead, investors would keep a close eye on the Swiss KOF leading indicator data, scheduled in few hours, to get better insights in the nation’s economy.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
