USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.43% against the CHF and closed at 0.9559.
On the Swiss economic front, producer and import price index eased 0.2% (MoM) in May, after dropping 0.1% in April.
In the Asian session, at GMT0300, the pair is trading at 0.956, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9512, and a fall through could take it to the next support level of 0.9464. The pair is expected to find its first resistance at 0.9618, and a rise through could take it to the next resistance level of 0.9676.
Swiss National Bank (SNB) rate decision due out later today is expected to offer guidelines to the pair.
The currency pair is showing convergence with its 20 Hr and trading below its 50 Hr moving average.
