USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CHF and closed at 0.9790. The Swiss Franc lost ground, after the consumer prices in the country eased 1.3% YoY in July, recording the steepest fall since 1959.
In the Asian session, at GMT0300, the pair is trading at 0.9788, with the USD trading slightly lower from yesterday’s close.
The pair is expected to find support at 0.9758, and a fall through could take it to the next support level of 0.9727. The pair is expected to find its first resistance at 0.9821, and a rise through could take it to the next resistance level of 0.9854.
Trading trends in the pair today are expected to be determined by the SECO consumer climate for (Q3), due for release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
