USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.61% against the CHF and closed at 0.9576.
In the US, number of total mortgage applications fell 7.4% for the week ended August 17, compared to the fall of 4.5% in the previous week. Additionally, the National Association of Realtors reported that existing home sales in the US rose 2.3% to a seasonally adjusted 4.47 million units in July, disappointing expectations for a 3.2% rise.
In the Asian session, at GMT0300, the pair is trading at 0.9577, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.9544, and a fall through could take it to the next support level of 0.9511. The pair is expected to find its first resistance at 0.9635, and a rise through could take it to the next resistance level of 0.9693.
Trading trends in the pair today are expected to be determined by the release of trade balance in Switzerland.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
