USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.05% against the CHF and closed at 0.9693 on Friday.
In the Asian session, at GMT0300, the pair is trading at 0.9699, with the USD trading 0.06% higher against the CHF from Friday’s close.
The pair is expected to find support at 0.9666, and a fall through could take it to the next support level of 0.9634. The pair is expected to find its first resistance at 0.9717, and a rise through could take it to the next resistance level of 0.9736.
Ahead in the day, market participants would keep a close watch on Switzerland’s retail sales for July and manufacturing PMI for August, slated to release in a while.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
