USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.64% against the CHF and closed at 0.9888.
In the US, new home sales, on a seasonally adjusted basis, tumbled 8.4% to an annual rate of 350,000 in June, the lowest rate in five months.
In the Asian session, at GMT0300, the pair is trading at 0.9894, with the USD trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 0.9853, and a fall through could take it to the next support level of 0.9813. The pair is expected to find its first resistance at 0.9949, and a rise through could take it to the next resistance level of 1.0005.
With no major release from Switzerland, the pair is expected to trade on trends in the greenback.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
