USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CHF and closed at 0.9942 on Friday.
On the macro front, Switzerland’s consumer price index climbed 1.2% on an annual basis in July, in line with market expectations. In the previous month, the index had registered a rise of 1.1%.
In the Asian session, at GMT0300, the pair is trading at 0.9950, with the USD trading 0.08% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9926, and a fall through could take it to the next support level of 0.9901. The pair is expected to find its first resistance at 0.9970, and a rise through could take it to the next resistance level of 0.9989.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
