USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 0.9940.
Macroeconomic news indicated that the producer and import price index climbed 3.6% on an annual basis in July, following a rise of 3.5% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9963, with the USD trading 0.23% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9921, and a fall through could take it to the next support level of 0.9880. The pair is expected to find its first resistance at 0.9984, and a rise through could take it to the next resistance level of 1.0006.
With no macroeconomic releases in Switzerland today, traders will look forward to global macroeconomic events for further cues.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
