USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9932.
In the Asian session, at GMT0300, the pair is trading at 0.9933, with the USD trading a tad higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9916, and a fall through could take it to the next support level of 0.9899. The pair is expected to find its first resistance at 0.9947, and a rise through could take it to the next resistance level of 0.9961.
Trading trend in the Swiss Franc today, is expected to be determined by Switzerland’s producer & import prices for August, set to release in a while.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
