USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.52% against the CHF and closed at 0.9647.
Data showed that total sight deposits rose to a level of CHF577.6 billion in the week ended 21 September, compared to a level of CHF577.1 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9663, with the USD trading 0.17% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9608, and a fall through could take it to the next support level of 0.9552. The pair is expected to find its first resistance at 0.9691, and a rise through could take it to the next resistance level of 0.9718.
In absence of key economic releases in Switzerland today, traders would keep an eye on global macroeconomic releases for further direction.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
