USD/CHF: Pair trading higher in the Asian session

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CHF and closed at 0.9273.

In Switzerland, ZEW economic expectations index fell to a reading of -34.9 in September, from -33.3 in the preceding month.

In the Asian session, at GMT0300, the pair is trading at 0.9291, with the USD trading 0.19% higher from yesterday’s close.

The pair is expected to find support at 0.9264, and a fall through could take it to the next support level of 0.9236. The pair is expected to find its first resistance at 0.9313, and a rise through could take it to the next resistance level of 0.9334.

Today, the Swiss Franc is expected to take cues from the release of trade balance data in Switzerland.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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