Mon, Aug 02, 2021 @ 06:06 GMT
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Swiss Industrial Output Improved In 2Q

For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CHF and closed at 0.9836.

Data showed that Switzerland’s industrial production rose 4.8% on an annual basis in 2Q, compared to a revised rise of 4.5% in the previous quarter.

In the Asian session, at GMT0300, the pair is trading at 0.9849, with the USD trading 0.13% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9825, and a fall through could take it to the next support level of 0.9801. The pair is expected to find its first resistance at 0.9862, and a rise through could take it to the next resistance level of 0.9875.

Amid no major macroeconomic news in Switzerland today, investor sentiment would be determined by global economic news.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

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