USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.15% against the CHF and closed at 0.9629.
In the US, durable goods orders rose more-than-expected by 1.1% in May, compared to the market expectation of a 0.5% rise. Additionally, pending home sales climbed 5.9% (MoM) in May to a two-year high.
In the Asian session, at GMT0300, the pair is trading at 0.9616, with the USD trading 0.14% lower from yesterday’s close.
The pair is expected to find support at 0.9595, 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 0.9643, and a rise through could take it to the next resistance level of 0.9671.
The currency pair is trading below its 20 Hr and showing convergence with 50 Hr moving average.
