USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 1.12% against the CHF and closed at 0.9572.
In economic news, Swiss trade surplus widened to CHF2.48 billion in May from CHF1.26 billion in April. Moreover, the M3 money supply climbed 6.2% (YoY) in May, compared to a 6.3% rise in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9563, with the USD trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 0.9486, and a fall through could take it to the next support level of 0.9409. The pair is expected to find its first resistance at 0.9612, and a rise through could take it to the next resistance level of 0.9661.
Trading trends in the pair today are expected to be determined by the release of KOF Institute Swiss economic forecast for June.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
