USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 1.05% against the CHF and closed at 0.9429. The Swiss Franc lost ground after the ZEW economic expectation index in Switzerland recorded a drop to -7.7 in September, down from a level of 2.5 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9418, with the USD trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 0.9349, and a fall through could take it to the next support level of 0.9279. The pair is expected to find its first resistance at 0.9461, and a rise through could take it to the next resistance level of 0.9503.
Trading trends in the Swiss Franc today would be determined by the SNB’s interest rate decision as well as the SECO economic forecasts, scheduled for release later today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
