USDCHF Movement
On Friday, the USD declined 0.66% against the CHF and closed at 0.8904.
In the Asian session, at GMT0400, the pair is trading at 0.8922, with the USD trading 0.20% higher from Friday’s close.
The pair is expected to find support at 0.8834, and a fall through could take it to the next support level of 0.8747. The pair is expected to find its first resistance at 0.8975, and a rise through could take it to the next resistance level of 0.9029.
Investors would focus on the KOF leading indicator for December along with the SVME’s report on Switzerland’s manufacturing PMI in December, to be released during the end of the week to determine the trading trends for the Swiss Franc.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
