USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 1.00% against the CHF, on Friday, and closed at 0.9070.
In the US, the personal spending rose 0.2% (M-o-M) in August, following a 0.7% rise in July. Additionally, on a monthly basis, the personal income declined by 0.1% in August, following a downwardly revised 0.1% increase recorded in July.
In Switzerland, the KOF Institute reported that the leading indicator declined to 1.21 in September from a reading of 1.61 in August.
In the Asian session, at 3:00GMT, the USD is trading at 0.9112, 0.46% higher versus Swiss Franc, from Friday’s close.
The pair has its first short term resistance at 0.9156, followed by the next resistance at 0.9199. The first area of support is at 0.9026 level, with the subsequent support at 0.8939.
Trading trends in the pair today are expected to be determined by release of Purchasing Managers’ Index (PMI) and data on retail sales in Switzerland.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
