USD/CHF: Swiss Franc trading lower, ahead of Swiss KOF leading indicator data

USDCHF

USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 1.37% against the CHF and closed at 0.9645.

In the Asian session, at GMT0300, the pair is trading at 0.9701, with the USD trading 0.58% higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9554, and a fall through could take it to the next support level of 0.9408. The pair is expected to find its first resistance at 0.9784, and a rise through could take it to the next resistance level of 0.9868.

Moving ahead, Switzerland’s KOF leading indicator data for July, due to release in a few hours, will be on investors’ radar.

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

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