USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CHF and closed at 0.9721.
In economic news, M3 money supply in Switzerland rose 1.4% on an annual basis in August. It followed a rise of 1.9% in the preceding month.
In the Asian session, at GMT0300, the pair is trading at 0.9718, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9660, and a fall through could take it to the next support level of 0.9602. The pair is expected to find its first resistance at 0.9759, and a rise through could take it to the next resistance level of 0.9799.
Going forward, investors would concentrate on the Swiss trade balance data, scheduled in a few hours, for further direction in the Franc.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
