USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CHF and closed at 0.9632.
On the macro front, Switzerland’s producer and import price index rose more-than-expected by 0.3% MoM in August, compared to a flat reading in the previous month, while markets were anticipating the index to gain 0.2%.
In the Asian session, at GMT0300, the pair is trading at 0.9646, with the USD trading 0.15% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9600, and a fall through could take it to the next support level of 0.9553. The pair is expected to find its first resistance at 0.9677, and a rise through could take it to the next resistance level of 0.9707.
Ahead in the day, all eyes will be on the Swiss National Bank’s (SNB) interest rate decision.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
