USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9195. The Swiss Franc lost ground, after Switzerland’s manufacturing PMI fell to 52.9 in August, lower than market expectations of a fall to 53.7, following a reading of 54.3 registered in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.9201, with the USD trading 0.07% higher from yesterday’s close.
The pair is expected to find support at 0.9183, and a fall through could take it to the next support level of 0.9166. The pair is expected to find its first resistance at 0.9211, and a rise through could take it to the next resistance level of 0.9222.
Trading trends in the Swiss today are expected to be determined by the Q2 Swiss GDP, scheduled in a few hours.
The currency pair is trading above with its 20 Hr and 50 Hr moving averages.
