USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9777.
In economic news, Swiss total sight deposits inched up to a level of CHF515.6 billion in the week ended 26 August, from CHF514.1 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9802, with the USD trading 0.26% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9772, and a fall through could take it to the next support level of 0.9742. The pair is expected to find its first resistance at 0.9821, and a rise through could take it to the next resistance level of 0.9840.
Looking ahead, market participants would keep a close watch on Switzerland’s KOF leading indicator data for August, due to release in some time.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
