USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9939.
In the Asian session, at GMT0300, the pair is trading at 0.9940, with the USD trading a tad higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9924, and a fall through could take it to the next support level of 0.9908. The pair is expected to find its first resistance at 0.9955, and a rise through could take it to the next resistance level of 0.9970.
Ahead in the day, market participants would keep a close watch on Switzerland’s ZEW survey – expectations for July.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
