For the 24 hours to 23:00 GMT, the USD declined 0.3% against the CHF and closed at 0.9095.

In the Asian session, at GMT0300, the pair is trading at 0.9102, with the USD trading 0.08% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9083, and a fall through could take it to the next support level of 0.9063. The pair is expected to find its first resistance at 0.9121, and a rise through could take it to the next resistance level of 0.9139.

- advertisement -

Moving forward, traders would keep an eye on Switzerland’s producer and import prices for July, slated to release in a few hours.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.