USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.58% against the CHF and closed at 0.9684.
Macroeconomic data indicated that Switzerland’s trade surplus widened more-than-anticipated to a level of CHF3.51 billion in July, from a revised trade surplus of CHF2.76 billion posted in the previous month. Market participants had expected the nation’s trade surplus to widen to a level of CHF2.88 billion.
In the Asian session, at GMT0300, the pair is trading at 0.9682, with the USD trading marginally lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9640, and a fall through could take it to the next support level of 0.9598. The pair is expected to find its first resistance at 0.9711, and a rise through could take it to the next resistance level of 0.9740.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
