USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.48% against the CHF and closed at 0.8757.
In Switzerland, the producer and import price index dropped 1.9% (Y-o-Y) in August, following a 0.6% drop in the previous month.
In the Asian session, at 3:00GMT, the USD is trading at 0.8771, 0.16% higher versus Swiss Franc, from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8842, followed by the next resistance at 0.8913. The first area of support is at 0.8713 level, with the subsequent support at 0.8655.
The Swiss National Bank (SNB) interest rate decision is likely to receive increased market attention, along with other Swiss economic data due to be released later today.
The currency pair is showing convergence with its 20 Hr and its 50 Hr moving averages.
