USDCHF Movement
On Friday, the USD declined 0.28% against the CHF and closed at 0.8957.
In the Asian session, at GMT0400, the pair is trading at 0.8961, with the USD trading tad higher from Friday’s close.
The pair is expected to find support at 0.8928, and a fall through could take it to the next support level of 0.8894. The pair is expected to find its first resistance at 0.8999, and a rise through could take it to the next resistance level of 0.9036.
Later today, the monthly Statistical bulletin released by Swiss National Bank and the UBS consumption indicator would be eyed by investors for further direction in pair.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
