USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 0.9975.
In the Asian session, at GMT0300, the pair is trading at 0.9970, with the USD trading 0.05% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9950, and a fall through could take it to the next support level of 0.9931. The pair is expected to find its first resistance at 0.9984, and a rise through could take it to the next resistance level of 0.9999.
Moving ahead, traders would closely monitor Switzerland’s producer and import prices for September, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
