USD/CHF: Swiss Franc trading on a stronger footing in the morning session


USDCHF Movement

For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CHF and closed at 0.9652.

In the Asian session, at GMT0300, the pair is trading at 0.9636, with the USD trading 0.17% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9605, and a fall through could take it to the next support level of 0.9575. The pair is expected to find its first resistance at 0.9664, and a rise through could take it to the next resistance level of 0.9693.

Moving ahead, investors will keep a close watch on Switzerland’s producer and import prices data for June, slated to release in a few hours.

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

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