USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.09% against the CHF and closed at 0.9748, after US data showed retail sales rose for the first time in four months in July.
Meanwhile in Switzerland, the producer and import price index fell 0.3% (MoM) in July, following a 0.3% drop in June.
In the Asian session, at GMT0300, the pair is trading at 0.9746, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 0.9711, and a fall through could take it to the next support level of 0.9676. The pair is expected to find its first resistance at 0.9767, and a rise through could take it to the next resistance level of 0.9788.
With no significant macro triggers on tap today, the pair is expected to trade on trends in the greenback.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
