USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.45% against the CHF and closed at 0.9598.
In the Asian session, at GMT0300, the pair is trading at 0.9589, with the USD trading 0.09% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9551, and a fall through could take it to the next support level of 0.9514. The pair is expected to find its first resistance at 0.9622, and a rise through could take it to the next resistance level of 0.9656.
Ahead in the day, investors will eye Switzerland’s producer & import prices data for August.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
