USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.10% against the CHF and closed at 0.9309. Investors favoured the US dollar after a report showed that initial jobless claim in the US declined unexpectedly during the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9320, with the USD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 0.9283, and a fall through could take it to the next support level of 0.9245. The pair is expected to find its first resistance at 0.9347, and a rise through could take it to the next resistance level of 0.9373.
In Swiss economic releases today, producer and import prices data are lined-up. Market expects prices to rise on a monthly basis, in August.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
