USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 0.8870, after data showed that consumer confidence in the US declined unexpectedly in February.
In the Asian session, at GMT0400, the pair is trading at 0.8875, with the USD trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 0.8855, and a fall through could take it to the next support level of 0.8835. The pair is expected to find its first resistance at 0.8894, and a rise through could take it to the next resistance level of 0.8913.
Later today, the UBS consumption indicator is expected to be released in Switzerland.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
