USDCHF Movement
For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CHF and closed at 0.9788.
On the macro front, Switzerland’s total sight deposits inched up to a level of CHF576.0 billion in the week ended 26 May, from CHF575.5 billion reported in the previous week.
In the Asian session, at GMT0300, the pair is trading at 0.9787, with the USD trading marginally lower against the CHF from yesterday’s close.
The pair is expected to find support at 0.9748, and a fall through could take it to the next support level of 0.9709. The pair is expected to find its first resistance at 0.9810, and a rise through could take it to the next resistance level of 0.9833.
Moving ahead, traders await the release of Switzerland’s KOF leading indicator data for May, due in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
