USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CHF and closed at 0.9824.
In economic news, Switzerland’s M3 money supply climbed 3.7% on a yearly basis in June, rising by the most since January 2019 and following a rise of 3.4% in the previous month. Moreover, the nation’s total sight deposits rose to a level of CHF 579.5 billion in the week ended 19 July 2019, from CHF579.0 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9834, with the USD trading 0.10% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9812, and a fall through could take it to the next support level of 0.9789. The pair is expected to find its first resistance at 0.9849, and a rise through could take it to the next resistance level of 0.9863.
With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further direction.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
