USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CHF and closed at 0.9398, following dismal economic releases from the US.
On the macro front, the SNB reported that Swiss M3 money supply climbed 3.4% on a YoY basis in August, following a revised rise of 3.6% registered in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9394, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9367, and a fall through could take it to the next support level of 0.9339. The pair is expected to find its first resistance at 0.9422, and a rise through could take it to the next resistance level of 0.9449.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
