USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.17% against the CHF and closed at 0.9039, as a lacklustre US ISM non-manufacturing PMI report spooked investors confidence in the greenback.
In the Asian session, at GMT0400, the pair is trading at 0.9055, with the USD trading 0.18% higher from yesterday’s close.
The pair is expected to find support at 0.9026, and a fall through could take it to the next support level of 0.8998. The pair is expected to find its first resistance at 0.9077, and a rise through could take it to the next resistance level of 0.9100.
The Swiss National Bank is expected to release data on Switzerland’s foreign currency reserves, later today.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
