USDCHF Movement
On Friday, the USD declined 0.34% against the CHF and closed at 0.9697, after the US consumer confidence index fell more than anticipated in September.
In the Asian session, at GMT0300, the pair is trading at 0.9688, with the USD trading 0.09% lower from Friday’s close.
The pair is expected to find support at 0.9646, and a fall through could take it to the next support level of 0.9604. The pair is expected to find its first resistance at 0.9763, and a rise through could take it to the next resistance level of 0.9839.
Going forward, market participants await the release of Switzerland’s real retail sales data scheduled in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
