USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CHF and closed at 0.9714.
In the Asian session, at GMT0300, the pair is trading at 0.9713, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9685, and a fall through could take it to the next support level of 0.9656. The pair is expected to find its first resistance at 0.9743, and a rise through could take it to the next resistance level of 0.9772.
Going forward, market participants will keep a close eye on Switzerland’s UBS consumption indicator for August and the KOF leading indicator for September, scheduled in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
