USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.66% against the CHF and closed at 0.9799.
In the Asian session, at GMT0300, the pair is trading at 0.9792, with the USD trading 0.07% lower against the CHF from Friday’s close.
The pair is expected to find support at 0.9732, and a fall through could take it to the next support level of 0.9673. The pair is expected to find its first resistance at 0.9841, and a rise through could take it to the next resistance level of 0.9891.
Investors would now focus on Switzerland’s consumer price index data for July, slated to release in a few hours, to gauge the strength in the nation’s economy.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
