USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.72% against the CHF and closed at 0.9390.
In the US, the trade deficit increased 0.2% (MoM) to $ 42 billion in July, from a deficit of $ 41.9 billion in June.
Yesterday, the Moody’s Investors Service warned that the US might lose its triple-A debt rating, if next year’s budget negotiations do not produce policies that over time decrease the nation’s debt.
In the Asian session, at GMT0300, the pair is trading at 0.9383, with the USD trading 0.07% lower from yesterday’s close.
The pair is expected to find support at 0.9352, and a fall through could take it to the next support level of 0.9322. The pair is expected to find its first resistance at 0.9440, and a rise through could take it to the next resistance level of 0.9498.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
