USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CHF and closed at 0.9753.
In economic news, the Swiss trade surplus narrowed less than expected to CHF2.87 billion in August, from a revised surplus figure of CHF3.58 billion in July.
In the Asian session, at GMT0300, the pair is trading at 0.9747, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 0.9712, and a fall through could take it to the next support level of 0.9677. The pair is expected to find its first resistance at 0.9777, and a rise through could take it to the next resistance level of 0.9806.
Going forward, investors would closely monitor the SNB’s quarterly report for Q3, scheduled in a few hours, to get further direction in the Swiss Franc.
The currency pair is trading above its 20 Hr moving average and 50 Hr moving averages.
