USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.07% against the CHF and closed at 0.9740.
In the Asian session, at GMT0300, the pair is trading at 0.9738, with the USD trading a tad lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9719, and a fall through could take it to the next support level of 0.9701. The pair is expected to find its first resistance at 0.9771, and a rise through could take it to the next resistance level of 0.9805.
Looking forward, traders would closely monitor Switzerland’s unemployment rate for July, set to release in a while.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
