USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.23% against the CHF, on Friday, and closed at 0.8132.
In the US, the industrial output rose 0.2% (M-o-M) in June following a 0.1% decline in the previous month. Additionally, the Reuters and the University of Michigan’s consumer sentiment index declined to a reading of 63.8 in July, the lowest level since March 2009, following a score of 71.5 in June.
In the Asian session, at 3:00GMT, the pair is trading at 0.8135, marginally higher from Friday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8190, followed by the next resistance at 0.8244. The first area of support is at 0.8083 level, with the subsequent support at 0.8030.
The currency pair is showing convergence with its 20 Hr and its 50 Hr moving averages.
