USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.41% against the CHF and closed at 0.9821.
On the data front, Switzerland’s M3 money supply rose 3.1% on an annual basis in July, compared to a rise of 3.6% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9825, with the USD trading marginally higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9796, and a fall through could take it to the next support level of 0.9766. The pair is expected to find its first resistance at 0.9843, and a rise through could take it to the next resistance level of 0.9860.
Trading trend in the pair today is expected to be determined by Switzerland’s industrial production for 2Q 2019, due in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
