USD/CHF: Swiss Franc trading a tad lower in the morning session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD declined 0.25% against the CHF and closed at 0.9847.

Data showed that Switzerland’s producer and import prices grew 3.2% on an annual basis in May, compared to a gain of 2.7% reported in the previous month.

In the Asian session, at GMT0300, the pair is trading at 0.9851, with the USD trading slightly higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9830, and a fall through could take it to the next support level of 0.9808. The pair is expected to find its first resistance at 0.9884, and a rise through could take it to the next resistance level of 0.9916.

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

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