USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.34% against the CHF and closed at 0.9714.
In economic news, Switzerland’s total sight deposits remained steady at a level of CHF515.8 billion in the week ended 09 September.
In the Asian session, at GMT0300, the pair is trading at 0.9715, with the USD trading marginally higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9680, and a fall through could take it to the next support level of 0.9646. The pair is expected to find its first resistance at 0.9756, and a rise through could take it to the next resistance level of 0.9798.
Going ahead, investors will look forward to Switzerland’s producer & import prices data for August, scheduled to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
