USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.61% against the CHF and closed at 0.9555.
In economic news, Switzerland’s total sight deposits stood at CHF579.0 billion in the week ended 08 September, down from CHF579.2 billion reported in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9560, with the USD trading slightly higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9506, and a fall through could take it to the next support level of 0.9451. The pair is expected to find its first resistance at 0.9594, and a rise through could take it to the next resistance level of 0.9627.
With no macroeconomic releases in the Switzerland today, investor sentiment would be governed by global macroeconomic events.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
