USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 1.35% against the CHF and closed at 0.9752. The Swiss Franc gained ground after the nation’s economic expectations index gave a positive reading and surged to 5.90 in August, its highest level since May 2014.
In the Asian session, at GMT0300, the pair is trading at 0.9767, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 0.9668, and a fall through could take it to the next support level of 0.9569. The pair is expected to find its first resistance at 0.9874, and a rise through could take it to the next resistance level of 0.9982.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
