USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9673.
On the data front, Switzerland’s industrial production dropped by 1.2% YoY in 2Q 2016, following a revised advance of 1.2% in the previous quarter.
In the Asian session, at GMT0300, the pair is trading at 0.9664, with the USD trading 0.09% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9637, and a fall through could take it to the next support level of 0.9611. The pair is expected to find its first resistance at 0.9689, and a rise through could take it to the next resistance level of 0.9715.
Amid no economic releases in Switzerland today, market participants would look forward to the nation’s real retail sales and the SVME – purchasing managers’ index along with the KOF leading and UBS consumption indicator data, all scheduled to release next week.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
