USDCHF Movement
For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.9836.
In the Asian session, at GMT0300, the pair is trading at 0.9845, with the USD trading 0.1% higher from yesterday’s close.
The pair is expected to find support at 0.9801, and a fall through could take it to the next support level of 0.9757. The pair is expected to find its first resistance at 0.9891, and a rise through could take it to the next resistance level of 0.9937.
Amid a lack of any major economic releases in Switzerland today, investors would shift their focus to the release of the ZEW economic expectations index data for August, scheduled on Wednesday, to get cues on the economic health of the country.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
