USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CHF and closed at 0.9721.
Macroeconomic data indicated that Switzerland’s ZEW economic expectations index rose to a level of 28.0 in September, compared to a reading of 25.0 in the previous month. Further, the nation’s UBS consumption indicator climbed to a level of 1.53 in August, after recording a revised reading of 1.46 in the prior month.
In the Asian session, at GMT0300, the pair is trading at 0.9731, with the USD trading 0.1% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9695, and a fall through could take it to the next support level of 0.9658. The pair is expected to find its first resistance at 0.9769, and a rise through could take it to the next resistance level of 0.9806.
With no macroeconomic releases in Switzerland today, investor sentiment will be determined by global macroeconomic factors.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
