USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.43% against the CHF and closed at 0.8972, amid a holiday-thin trading session on account of a Whit Monday holiday in Switzerland.
In the Asian session, at GMT0300, the pair is trading at 0.8972, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.8933, 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 0.8996, and a rise through could take it to the next resistance level of 0.9020.
Traders keenly await Switzerland’s unemployment and real retail sales data, for further guidance in the Swiss Franc.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
