USDCHF Movement
On Friday, the USD declined 0.38% against the CHF and closed at 0.9174.
In the Asian session, at GMT0300, the pair is trading at 0.9173, with the USD trading a tad lower from Friday’s close.
The pair is expected to find support at 0.914, and a fall through could take it to the next support level of 0.9107. The pair is expected to find its first resistance at 0.9228, and a rise through could take it to the next resistance level of 0.9283.
Going forward, investors look forward to the release of Switzerland’s UBS consumption indicator data, scheduled later in this week.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
