USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.35% against the CHF and closed at 0.9523. However, losses in Swiss Franc were limited after the nation’s UBS consumption indicator rose to 1.64 in July, from a reading of 1.61 June.
In the Asian session, at GMT0300, the pair is trading at 0.9527, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9435, and a fall through could take it to the next support level of 0.9343. The pair is expected to find its first resistance at 0.9587, and a rise through could take it to the next resistance level of 0.9646.
Trading trends in the CHF today are expected to be determined by Switzerland’s industrial production data for 2Q, due in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
