USD/CHF: Swiss Franc trading a tad lower this morning


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.37% against the CHF and closed at 0.9596.

In the Asian session, at GMT0300, the pair is trading at 0.9597, with the USD trading marginally higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9557, and a fall through could take it to the next support level of 0.9518. The pair is expected to find its first resistance at 0.9658, and a rise through could take it to the next resistance level of 0.9720.

Going forward, Switzerland’s retail sales for July and SVME–PMI for August, scheduled to release in a few hours, will garner a lot of market attention.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

This entry was posted in USD/CHF. Bookmark the permalink.

Comments are closed.