USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9693.
In the Asian session, at GMT0300, the pair is trading at 0.9704, with the USD trading 0.11% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9665, and a fall through could take it to the next support level of 0.9626. The pair is expected to find its first resistance at 0.9735, and a rise through could take it to the next resistance level of 0.9766.
Looking forward, market participants would keep a close watch on Switzerland’s ZEW expectations index for September and the UBS consumption indicator for August, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
