USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 1.25% against the CHF and closed at 0.9654.
In the Asian session, at GMT0300, the pair is trading at 0.9661, with the USD trading 0.08% higher from yesterday’s close.
The pair is expected to find support at 0.9606, and a fall through could take it to the next support level of 0.9551. The pair is expected to find its first resistance at 0.9747, and a rise through could take it to the next resistance level of 0.9833.
Trading trends in CHF today are expected to be determined by trade balance data for July, slated to release in the next few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
