USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9067.
In economic news, Swiss producer and import prices fell 0.8% (Y-o-Y) in July, against a similar fall in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9068, with the USD trading tad higher from yesterday’s close.
The pair is expected to find support at 0.9039, and a fall through could take it to the next support level of 0.9011. The pair is expected to find its first resistance at 0.9091, and a rise through could take it to the next resistance level of 0.9115.
Amid a relatively light economic calendar from Switzerland next week, investors would shift their attention to Thursday’s Swiss trade balance data.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
