USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CHF and closed at 0.9076.
In economic news, the consumer price index declined 0.4% in Switzerland, on a monthly basis in July, in line with market expectations. The consumer price index fell 0.1% in the previous month. On a yearly basis, the Swiss consumer prices remained steady for the second time in July.
In the Asian session, at GMT0300, the pair is trading at 0.9075, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 0.9058, and a fall through could take it to the next support level of 0.9040. The pair is expected to find its first resistance at 0.9105, and a rise through could take it to the next resistance level of 0.9134.
Trading trends in the Swiss Franc today are expected to be determined by the Swiss consumer confidence data, slated to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
