USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CHF and closed at 0.9656.
In the Asian session, at GMT0300, the pair is trading at 0.9662, with the USD trading 0.06% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9624, and a fall through could take it to the next support level of 0.9585. The pair is expected to find its first resistance at 0.9712, and a rise through could take it to the next resistance level of 0.9761.
Looking ahead, market participants would keep a close watch on Switzerland’s KOF leading indicator data for September, slated to release in some time.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
