GCI Forex News - USD/CHF: Swiss economic sentiment rose in August: ZEW

USDCHF Movement

For the 24 hours to 23:00 GMT, USD declined 0.58% against the CHF and closed at 0.9720.

In Switzerland, the Centre for European Economic Research (ZEW) indicator of economic sentiment rose by 9.2 points to a reading of -33.3 in August, compared to a reading of -42.5 in July.

In the Asian session, at GMT0300, the pair is trading at 0.9724, with the USD trading marginally higher from yesterday’s close.

The pair is expected to find support at 0.9688, and a fall through could take it to the next support level of 0.9651. The pair is expected to find its first resistance at 0.9780, and a rise through could take it to the next resistance level of 0.9835.

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