USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.06% against the CHF and closed at 0.9458.
Yesterday, the Federal Reserve reported that consumer credit in the US shrank by $3.28 billion in July, well below the forecast for a $9.1 billion advance.
In the Asian session, at GMT0300, the pair is trading at 0.9456, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9433, and a fall through could take it to the next support level of 0.9411. The pair is expected to find its first resistance at 0.9481, and a rise through could take it to the next resistance level of 0.9507.
The currency pair is trading just below its 20 Hr moving average and well below its 50 Hr moving average.
