USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.49% against the CHF and closed at 0.9970.
In economic news, Switzerland’s total sight deposits rose to a level of CHF576.1 billion in the week ended 13 July, from CHF576.0 billion in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9968, with the USD trading marginally lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9947, and a fall through could take it to the next support level of 0.9925. The pair is expected to find its first resistance at 1.0006, and a rise through could take it to the next resistance level of 1.0043.
With no macroeconomic indicators scheduled for release in Switzerland today, investors would look forward to global macroeconomic releases for further directions.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
