USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.31% against the CHF and closed at 0.9023.
In the US, the new home sales declined 2.3% (M-o-M) in August following a 0.3% decline in July.
In the Asian session, at 3:00GMT, the USD is trading at 0.9008, 0.17% lower versus the Swiss Franc, from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.9103, followed by the next resistance at 0.9197. The first area of support is at 0.8955 level, with the subsequent support at 0.8901.
Trading trends in the pair today are expected to be determined by release of UBS Consumption indicator in Switzerland.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
