USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.53% against the CHF and closed at 0.8318.
In the US, the trade deficit widened to $50.2 billion in May, the highest level since October 2008, following a revised $43.6 billion deficit recorded in April.
In the Asian session, at 3:00GMT, the pair is trading at 0.8318, flat from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8383, followed by the next resistance at 0.8449. The first area of support is at 0.8267 level, with the subsequent support at 0.8217.
The pair is expected to trade on the cues from the release of data on producer and import prices in Switzerland.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
