USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.57% against the CHF and closed at 0.9765.
In the US, initial jobless claims declined to 361,000 for the week ended August 4, against the market expectations for an increase to 370,000. Additionally, trade deficit in the nation narrowed in June for the third straight month to $42.9 billion, the smallest deficit since December 2010.
In the Asian session, at GMT0300, the pair is trading at 0.9768, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9715, and a fall through could take it to the next support level of 0.9661. The pair is expected to find its first resistance at 0.9806, and a rise through could take it to the next resistance level of 0.9843.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
