USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.40% against the CHF and closed at 0.9735.
In the Asian session, at GMT0300, the pair is trading at 0.9731, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9684, and a fall through could take it to the next support level of 0.9637. The pair is expected to find its first resistance at 0.9776, and a rise through could take it to the next resistance level of 0.9821.
Going forward, market participants would closely monitor Switzerland’s consumer price inflation data for August, set for release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and 50 Hr moving average.
