USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF on Friday and closed at 0.9798.
In the Asian session, at GMT0300, the pair is trading at 0.9791, with the USD trading 0.07% lower against the CHF from Friday’s close.
The pair is expected to find support at 0.9745, and a fall through could take it to the next support level of 0.9700. The pair is expected to find its first resistance at 0.9827, and a rise through could take it to the next resistance level of 0.9864.
Going ahead, investors will look forward to Switzerland’s second quarter GDP and consumer price index data for August, scheduled to release tomorrow.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
