USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.15% against the CHF and closed at 0.9562.
The Swiss Frace rose after the trade surplus in Switzerland widened to CHF2.9 billion in July, from a revised CHF2.2 billion surplus in June. Additionally, export increased 0.8% (YoY) and imports rose 1.8% (YoY) in July.
In the Asian session, at GMT0300, the pair is trading at 0.9561, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9538, and a fall through could take it to the next support level of 0.9514. The pair is expected to find its first resistance at 0.9586, and a rise through could take it to the next resistance level of 0.9610.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
