USD/CHF: Swiss Franc trading on a stronger footing, ahead of Switzerland’s inflation data


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.50% against the CHF and closed at 0.9727 on Friday.

In the Asian session, at GMT0300, the pair is trading at 0.9718, with the USD trading 0.09% lower against the CHF from Friday’s close.

The pair is expected to find support at 0.9671, and a fall through could take it to the next support level of 0.9625. The pair is expected to find its first resistance at 0.9764, and a rise through could take it to the next resistance level of 0.9811.

Going ahead, investors will eye Switzerland’s consumer price index for July, slated to release in a few hours.

The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

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