USDCHF Movement
On Friday, the USD rose 0.23% against the CHF and closed at 0.9046.
In the Asian session, at GMT0300, the pair is trading at 0.9049, with the USD trading marginally higher from Friday’s close.
The pair is expected to find support at 0.9025, and a fall through could take it to the next support level of 0.9002. The pair is expected to find its first resistance at 0.9063, and a rise through could take it to the next resistance level of 0.9078.
Amid a quiet week as to economic data from Switzerland, market participants would keenly await UBS Consumption and KOF Leading indicators, scheduled on Wednesday.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving averages.
