USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CHF and closed at 0.9917.
In economic news, Switzerland’s total sight deposits rose to a level of CHF581.2 billion in the week ended 26 July 2019, from CHF579.5 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9911, with the USD trading 0.06% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9902, and a fall through could take it to the next support level of 0.9893. The pair is expected to find its first resistance at 0.9927, and a rise through could take it to the next resistance level of 0.9943.
Going ahead, traders would await Switzerland’s KOF leading indicator for July, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
