USDCHF Movement
For the 24 hours to 23:00 GMT, USD traded flat against the CHF and closed at 0.8014, as investors remain worried over the impending debt ceiling deadline.
In the US, the National Association of Realtors (NAR) reported that, on a monthly basis, pending home sales rose 2.4% in June, following an 8.2% increase recorded in May.
In the Asian session, at 3:00GMT, the pair is trading at 0.8001, 0.16% lower from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8036, followed by the next resistance at 0.8072. The first area of support is at 0.7976 level, with the subsequent support at 0.7952.
The currency pair is trading just below its 20 Hr moving average and its 50 Hr moving average.
