USDCHF Movement
For the 24 hours to 23:00 GMT on Friday, USD declined 1.75% against the CHF and closed at 0.9488.
The Swiss Franc advanced after the KOF economic barometer in Switzerland rose to a reading of 1.16 in June, compared to 0.80 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 0.9518, with the USD trading 0.32% higher from Friday’s close.
The pair is expected to find support at 0.9437, and a fall through could take it to the next support level of 0.9357. The pair is expected to find its first resistance at 0.9624, and a rise through could take it to the next resistance level of 0.9731.
Trading trends in the pair today are expected to be determined by the release of retail sales data in Switzerland.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
