USD/CHF: Swiss Franc eased as economic expectations fell in Switzerland, trading higher in the Asian session

USD CHF

USDCHF Movement

For the 24 hours to 23:00 GMT, USD rose 0.94% against the CHF and closed at 0.9078.

In Switzerland, the Center for European Economic Research (ZEW) and Credit Suisse indicated that Economic Expectations Index declined to -75.7 in September, from -71.4 in August.

In the Asian session, at 3:00GMT, the USD is trading at 0.9050, 0.30% lower versus the Swiss Franc, from yesterday’s close at 23:00 GMT.

The pair has its first short term resistance at 0.9156, followed by the next resistance at 0.9262. The first area of support is at 0.8971 level, with the subsequent support at 0.8892.

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

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