USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.12% against the CHF and closed at 0.9691.
In economic news, Switzerland’s foreign currency reserves rose more-than-expected to a level of CHF626.6 billion in August, compared to a reserves of CHF615.4 billion in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9683, with the USD trading 0.08% lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9664, and a fall through could take it to the next support level of 0.9644. The pair is expected to find its first resistance at 0.9705, and a rise through could take it to the next resistance level of 0.9726.
Amid no economic releases in Switzerland today, investors will look forward to the nation’s unemployment rate for August, scheduled to release tomorrow.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
