For the 24 hours to 23:00 GMT, USD declined 1.54% against the CHF and closed at 0.8066.
In economic news, Automatic Data Processing, Inc. indicated that the private sector employment in the US advanced by 91,000 jobs in August, from a downwardly revised rise of 109,000 jobs in July.
In the Asian session, at 3:00GMT, the USD is trading at 0.8066, flat versus Swiss Franc, from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8176, followed by the next resistance at 0.8285. The first area of support is at 0.7974 level, with the subsequent support at 0.7881.
Trading trends in the pair today are expected to be determined by release of Gross Domestic Product (GDP) and Purchasing Managers’ Index (PMI) in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and is trading below 50 Hr moving average.
