USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.96% against the CHF and closed at 0.9721.
In economic news, Switzerland’s total sight deposits inched up to a level of CHF578.9 billion in the week ended 11 August, from CHF578.6 billion recorded in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9734, with the USD trading 0.13% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9663, and a fall through could take it to the next support level of 0.9592. The pair is expected to find its first resistance at 0.9771, and a rise through could take it to the next resistance level of 0.9808.
Looking ahead, market participants will focus on Switzerland’s producer and import prices data for July, set to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
