USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.9055.
In the Asian session, at GMT0300, the pair is trading at 0.9042, with the USD trading 0.14% lower from yesterday’s close.
The pair is expected to find support at 0.9021, and a fall through could take it to the next support level of 0.8999. The pair is expected to find its first resistance at 0.9067, and a rise through could take it to the next resistance level of 0.9091.
Investors are eyeing the release of Switzerland’s SVME – purchasing managers’ index data, which the market expects to rise to a level of 56.3 in September, following a reading of 54.6 registered in the previous month.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
