USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.51% against the CHF and closed at 0.9764.
On the data front, Switzerland’s producer and import prices declined by 0.3% on a monthly basis in August, compared to market expectations for a drop of 0.2%. In the previous month, the index had fallen 0.1%.
In the Asian session, at GMT0300, the pair is trading at 0.9770, with the USD trading 0.06% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9721, and a fall through could take it to the next support level of 0.9671. The pair is expected to find its first resistance at 0.9802, and a rise through could take it to the next resistance level of 0.9833.
Moving forward, market participants would keep a close watch on Switzerland’s ZEW expectations index for September, due to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
