USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.35% against the CHF and closed at 0.9101.
In Switzerland, the UBS consumption indicator registered a reading of 1.32 in the month of August, compared to a figure of 1.41 recorded in the preceding month.
In the Asian session, at GMT0300, the pair is trading at 0.9099, with the USD trading tad lower from yesterday’s close.
The pair is expected to find support at 0.9072, and a fall through could take it to the next support level of 0.9044. The pair is expected to find its first resistance at 0.9133, and a rise through could take it to the next resistance level of 0.9166.
Traders await Switzerland National Bank (SNB) quarterly bulletin for the second quarter, scheduled to release later today, for further guidance.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
