USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.14% against the CHF and closed at 0.9710.
The Swiss Franc fell against the US Dollar, as data from the State Secretariat for Economic Affairs showed that the nation’s consumer confidence index unexpectedly dropped for the three months to July. The consumer confidence index declined to a reading of -17.0 for the three months ended July, compared to -8.0 in three months ended April.
In the Asian session, at GMT0300, the pair is trading at 0.9702, with the USD trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 0.9677, and a fall through could take it to the next support level of 0.9652. The pair is expected to find its first resistance at 0.9736, and a rise through could take it to the next resistance level of 0.9770.
The currency pair is trading between its 20 Hr and its 50 Hr moving average.
