USDCHF Movement
For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 0.9074.
In economic news, the economic sentiment in Switzerland increased more than expected in August, a month after hitting an 18-month low. The economic expectations index in Switzerland rose to a reading of 2.5 in August, higher than market expectations of a drop to -1.0. It had recorded a level of 0.1 in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.908, with the USD trading 0.07% higher from yesterday’s close.
The pair is expected to find support at 0.9048, and a fall through could take it to the next support level of 0.9015. The pair is expected to find its first resistance at 0.9106, and a rise through could take it to the next resistance level of 0.9131.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
