USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.4% against the CHF and closed at 0.9518.
On the macro front, Switzerland’s total sight deposits rose to a level of CHF579.8 billion in the week ended 25 August, compared to a level of CHF579.5 billion reported in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9521, with the USD trading marginally higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9488, and a fall through could take it to the next support level of 0.9455. The pair is expected to find its first resistance at 0.9566, and a rise through could take it to the next resistance level of 0.9611.
With no economic releases in Switzerland today, investors will look forward to global macroeconomic news for further direction.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
