USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.30% against the CHF and closed at 0.9605.
In the US, new home sales rose sharply by 7.9% to a seasonally adjusted 369,000 units in May, making it the highest rate since April 2010. Moreover, Dallas Fed manufacturing business index rose 5.8% in June following a contraction of 5.1 I May
In the Asian session, at GMT0300, the pair is trading at 0.9595, with the USD trading 0.10% lower from yesterday’s close.
The pair is expected to find support at 0.9570, and a fall through could take it to the next support level of 0.9544. The pair is expected to find its first resistance at 0.9625, and a rise through could take it to the next resistance level of 0.9654.
Trading trends in the pair today are expected to be determined by the release of UBS consumption indicator in Switzerland.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
