USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CHF and closed at 0.9691.
Data showed that total sight deposits climbed to a level of CHF585.5 billion in the week ended 9 August 2019, compared to a reading of CHF582.7 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9718, with the USD trading 0.28% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9682, and a fall through could take it to the next support level of 0.9647. The pair is expected to find its first resistance at 0.9754, and a rise through could take it to the next resistance level of 0.9790.
With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further direction.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
