USDCHF Movement
For the 24 hours to 23:00 GMT, USD rose 0.40% against the CHF and closed at 0.9952. The Swiss Franc declined along with the Euro, eyeing parity with the greenback, amid renewed concerns about the Euro-region’s debt crisis.
In the US, house price index rose 0.8% (MoM) in May, compared to a rise of 0.7% in April.
In the Asian session, at GMT0300, the pair is trading at 0.9950, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.9906, and a fall through could take it to the next support level of 0.9862. The pair is expected to find its first resistance at 0.9983, and a rise through could take it to the next resistance level of 1.0016.
The currency pair is trading just above its 20 Hr moving average and well above its 50 Hr moving average.
