USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.54% against the CHF and closed at 0.9384.
The Swiss Franc received support after Swiss retail sales rose 5.9% (YoY) in August, following a revised 2.9% rise in July. Meanwhile, the SVME’s manufacturing purchasing managers’ index (PMI) in Switzerland declined to 43.6 September, compared to a reading of 46.7 in August.
In the Asian session, at GMT0300, the pair is trading at 0.9383, with the USD trading 0.02% lower from yesterday’s close.
The pair is expected to find support at 0.9345, and a fall through could take it to the next support level of 0.9307. The pair is expected to find its first resistance at 0.9428, and a rise through could take it to the next resistance level of 0.9474.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
